19-12-2016 MÄHREN AG invests more than 150 million euros in 2016
↳ Acquisition of 13 buildings for 20.5 million euros in fourth quarter
Berlin, December 19, 2016. MÄHREN AG, a long-term oriented portfolio holder with a focus on residential properties, has invested more than 150 million euros in 2016. Over the year as a whole, the portfolio was thus expanded by 77 properties with 1,368 residential units and about 92,500 square meters of living space.
2016 was a very eventful year for us. Even after our transformation into a corporation, we have succeeded in maintaining our dynamics without any problems, as reflected in our investment volume. Our objective of investing altogether more than 300 million euros in 2015 and 2016 was significantly exceeded. This achievement by our entire team is all the more remarkable given the current market environment. In the next two years, we want to once again invest at least 300 million euros and continue to significantly expand our portfolio in particular in our home market of Berlin.
Successful financial year with 13 acquisitions in fourth quarter
In Q4 2016, MÄHREN AG acquired 13 properties with 168 units and about 12,500 square meters of space for 20.5 million euros. Five of these properties are located in attractive residential areas in the federal capital: Friedrichshain, Moabit, Prenzlauer Berg, Zehlendorf and Reinickendorf. They are flanked by eight more acquisitions in Central and Eastern Germany: three apartment buildings were purchased in Leipzig, four in Dresden and one in Magdeburg.
In Q4 2016, MÄHREN AG acquired 13 properties with 168 units and about 12,500 square meters of space for 20.5 million euros. Five of these properties are located in attractive residential areas in the federal capital: Friedrichshain, Moabit, Prenzlauer Berg, Zehlendorf and Reinickendorf. They are flanked by eight more acquisitions in Central and Eastern Germany: three apartment buildings were purchased in Leipzig, four in Dresden and one in Magdeburg.
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