Real Blue Kapitalverwaltungs-GmbH (Real Blue), the capital management company of the Drees & Sommer Group, has acquired a senior citizens’ housing project with 31 apartments and a discount grocery store at Strasse vor Schönholz 21 in Berlin-Pankow for its open-ended special AIF “Real Blue Senior Living”. Construction has already begun, and completion is scheduled for the end of 2026. The seller is a project company of the real estate service provider asp Projektsteuerung from Haselünne.
The five-storey project with around 3,600 m² of rental space is being realised as a KfW 40 efficiency house with the “Sustainable Building” seal of quality. The energy supply is provided, among other things, by an on-roof photovoltaic system operated by an external operator. In cooperation with a local care service, an offer for assisted living is planned, in which seniors can take advantage of individually selectable service modules.
“The flexible and modern usage concept is complemented by a broadly diversified tenant structure consisting of senior-friendly apartments with optional supply services and a local supply provider that has already been established at the location for many years. The property thus represents another high-quality addition to the fund’s core portfolio,” explains Michael Eisenmann, responsible fund manager and managing director of Real Blue KVG.
Björn Gödde, Managing Director of asp Projektsteuerung, explains: “We are proud of the realization of this sustainable real estate project, which creates sustainable living spaces through innovative construction methods, high energy efficiency and the use of environmentally friendly materials – ecologically and economically sustainable.”
The location of the residential project is in Schönholz in the west of the Berlin district of Niederschönhausen in the district of Pankow. The quarter is well connected in terms of infrastructure and has a high local recreation value. Overall, positive, long-term demand forecasts are expected for the location, while at the same time the supply of senior housing is currently below average.
The “Real Blue Senior Living” as an open-ended real estate fund for institutional investors pursues an investment strategy in accordance with Art. 8 of the EU Disclosure Regulation and promotes ecological and social characteristics at the same time with the real estate investments.
The transaction was advised on tax and legal matters by Taylor Wessing. The technical and environmental due diligence was carried out by Drees & Sommer.
