RHE sells a new residential complex in the capital
The owner-managed brokerage firm RHE Grundimmobilien reports a successful brokerage in one of the best city locations in Berlin.
Around 70 recently completed apartments in the well-known Park am Gleisdreieck
are changing hands these days. The seller of the complex, with around 25% subsidized social housing, is a German family office that RHE exclusively commissioned with the brokerage.
The buyer is the M&G European Living Property Fund, which is now taking over the property, located near Potsdamer Platz, into its portfolio.
The transaction was carried out as part of a share deal; the purchase price corresponds to approximately € 6,800 per square meter of living space.
“A highly professional due diligence and a timely closing, we congratulate M&G on the acquisition of this excellent property. The great demand for apartments in Berlin will ensure very stable income here,” say Timo Aulig, senior employee at RHE and Delano Kyles, managing partner of RHE.