BlueRock Group and M&G Real Estate have formed a joint venture to further develop a residential real estate portfolio in Berlin. This partnership invests 47 million euros in 302 apartments and 27 commercial units, including the development of new residential spaces and modernizations.
A purchase agreement already exists for a first property in the Schöneberg district. The 5-storey residential building, built in 1903, comprises approx. 30 residential units with a total lettable area of around 2,500 m².
BlueRock Group AG has sold an office property in Cologne from the BlueRock Fund PCC Ltd. to an international industrial company. The sale price is in the mid double-digit million euro range.
