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MÄHREN AG buys high-rise building in Emsland, marking a switch towards B cities

Berlin, November 4, 2019. The Berlin property portfolio holder Mähren has acquired a residential property in Lingen (Emsland), its first in Lower Saxony. It bought the Emsland Skyscraper with 140 apartments. The purchase price was some 11 million euros. The 36.5 m high building in Langschmidtsweg was erected in 1972. “We are still acquiring in Berlin but very selectively. We have adjusted our investment parameters accordingly in the light of the rent cap,” said the company. On the other hand, B and C locations such as Leipzig, Halle, Magdeburg, Frankfurt an der Oder, Dresden or certain cities in North Rhine Westphalia are attractive, because they are benefiting from population inflow, have expanding economies and are not in the focus of regulatory red tape.

About MÄHREN AG

MÄHREN AG is an owner-managed housing company based in Berlin. The company was founded by CEO Jakob Mähren in 2002. As a long-term oriented portfolio holder, MÄHREN AG buys mainly residential properties throughout Germany with a focus on the Berlin metropolitan region, the Rhine-Ruhr region, Eastern German medium-sized centers and Northern Germany. In the past three years, the company closed deals worth more than a billion euros. Right from the start, the portfolio of residential and commercial space owned has been consistently expanding, standing today at more than 2,000 units.

Website: https://www.maehren.ag/en

Press contact:

Karl-Philipp Jann
PB3C GmbH
Phone.: +49 30 / 72 62 76 1612
Email: jann@pb3c.com



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