The Hamburg-based investment, asset and fund manager HT Group has sold a portfolio of a total of eight residential and commercial properties to the KAURI CAB Group. The investment manager acquired the portfolio for a German pension fund, the purchase price amounts to a mid-double-digit million amount. The properties were part of the closed-end mutual fund “domicilium 8 stabilis”, which was issued in 2011 by the HT Group (then still Hamburg Trust). The buyer is an independent investment, development and asset management specialist with a focus on residential real estate, data centers and sustainable projects.
The residential and commercial properties are located in Berlin, in the districts of Pankow, Friedrichshain-Kreuzberg, Treptow-Köpenick and Neukölln. In total, the properties, most of which date from the Wilhelminian period, have an area of around 19,000 m², divided into 259 residential units and 11 commercial units.
Udo Stöckl, Managing Director of HT Immobilien Management, explains: “We are pleased to have found a well-known and reliable buyer for these attractive portfolio properties in Berlin. This shows us that, despite geopolitical uncertainties and fluctuating financing conditions, residential real estate in attractive micro-locations is still a sought-after and crisis-proof asset class among investors.”
BGA Invest from Grünwald acted exclusively as an advisor and broker on the seller’s side.
