In 2025, the BlueRock Group (BlueRock) completed transactions in the office and residential real estate sector with a total volume of EUR 50 million. Seven residential buildings in Berlin were acquired. They comprise 193 residential and 15 commercial units with a total of around 14,200 square metres of rental space. In addition, there is the sale of an office property in Cologne from a BlueRock fund to an international industrial company. This means that BlueRock had around 650 million euros in assets under management at the end of 2025.
Dense network for increased positioning in Berlin’s residential real estate market
In its activities in the Berlin residential real estate market, BlueRock works closely with MB Advisors GmbH, which is responsible for the identification and implementation of the transactions for the acquisition of the residential buildings and also implements BlueRock’s strategy in ongoing asset management. This will remain the case this year, for which BlueRock plans to significantly expand its investment and project development activities.
Active asset management and the implementation of the value-add-oriented residential investment strategy, including densification in the residential segment, contributed to the successful refinancing of six residential buildings in central Berlin locations last year despite a challenging market environment. The partner in this was the Berliner Sparkasse. Further refinancing has already been secured for the 1st quarter thanks to significant increases in value.
Due to its strong positioning, BlueRock was selected as a joint venture partner in 2025 by Tikehau, a global alternative asset management group. The aim of this cooperation is to build another residential real estate portfolio with the same value-add strategy that BlueRock has been successfully implementing in Berlin since 2019. To this end, around 1,000 residential units with development and value appreciation potential are to be acquired within the Berlin S-Bahn ring over the next two years. With this approach, two more club deals have already been concluded in 2025.
Actively mastering the challenges of the office real estate market and taking advantage of opportunities
BlueRock expects a slow recovery in the office market in the coming months. As a result, the company is once again focusing on selective investments in the German office real estate market, especially for core and core+ strategies in the top 7 cities.
At the same time, the further development, value creation and value preservation of the office portfolio in the portfolio are the focus of 2026. BlueRock relies on its many years of expertise in active asset management and has adapted to the changed market conditions. This includes not only taking ESG requirements into account, but also dealing with increased maintenance costs and the changed leasing behaviour of companies.
Ronny Pifko, CEO of BlueRock, explains: “Office properties have long since ceased to be self-runners. Rather, asset managers with an efficient, professional and likeable hands-on approach are needed to further develop the buildings and successfully implement lettings. This also includes flexibility, creativity and patience. For us, this includes the development and implementation of hybrid usage concepts, such as the conversion of office space into residential or serviced apartments.”
