MÄHREN AG brings record year 2017 to a close with a new round of acquisitions
- Berlin, 21. Dec 2017
- Acquisition of six apartment buildings in Berlin, Leipzig and Dresden for 14.5 million euros
- 2017 transaction volume rises to 600 million euros
Berlin, December 21, 2017. MÄHREN AG, a long-term oriented portfolio holder with a focus on residential properties, acquired six apartment buildings for 14.5 million euros towards the end of the year. Two of the properties are located in the Berlin districts of Prenzlauer Berg and Moabit. Two apartment buildings were acquired in each of Dresden (Reichenberger Str. 5 and Böttgerstr. 43) and Leipzig (Herbartstr. 2a and Bernhardtstr. 12). The six properties have altogether 106 residential units and an area of about 8,100 square meters.
Record year 2017: 600-million-euro transaction volume
In 2017, MÄHREN AG expanded its portfolio by altogether 20 apartment buildings in Berlin, Dresden, Leipzig and Magdeburg with altogether 513 residential units. In addition, a residential portfolio with 27 buildings was acquired and an investment made in a commercial property in Berlin City-West. This most recent acquisition of apartment buildings raises Mähren AG’s acquisition volume in 2017 to more than 200 million euros – the transaction volume to 600 million euros.
In 2017, MÄHREN AG expanded its portfolio by altogether 20 apartment buildings in Berlin, Dresden, Leipzig and Magdeburg with altogether 513 residential units. In addition, a residential portfolio with 27 buildings was acquired and an investment made in a commercial property in Berlin City-West. This most recent acquisition of apartment buildings raises Mähren AG’s acquisition volume in 2017 to more than 200 million euros – the transaction volume to 600 million euros.
“We will have to substantially raise our acquisition target of 300 million euros for 2017 and 2018,” says Mähren. “We have an excellent equity capital base and a constant acquisition pipeline. Our well-known strengths, our network and our market expertise, are growing year in, year out.”
About MÄHREN AG
MÄHREN AG is an owner-managed residential real estate company based in Berlin. The company was founded in 2002 by CEO Jakob Mähren. As a long-term oriented property holder, MÄHREN AG primarily acquires residential properties across Germany, with a focus on the Berlin metropolitan region and the Rhine-Ruhr area. Since its founding, the company has completed transactions worth more than 2.5 billion euros. Its current portfolio consists of more than 1,000 residential and commercial units.
Press contact:
- Matthias Haack
- MÄHREN AG
- Tel.: +49 179 112 68 42
- Mail: haack@maehren.ag
