Munich/Berlin/Amsterdam, February 15, 2022 — In 2021, DW Real Estate GmbH (DWRE) successfully completed transactions worth over 1 billion euros (excluding joint venture shares) as part of various purchases and sales of commercial and residential properties in Germany and the Netherlands.
One of the most significant acquisitions is the purchase of the Summit portfolio with around 630,000 square meters of commercial rental space, which DWRE manages in a joint venture with Rockspire GmbH and Sonar Real Estate GmbH. In addition, there were purchases of properties of over 15,000 square meters each in Leipzig, Hamburg, Düsseldorf and Munich. The company was also able to successfully sell properties worth around 250 million euros in 2021.
In the Netherlands, another residential portfolio was purchased for a German pension fund in the middle of last year, meaning that DWRE and its subsidiary DWRE NL have now invested over 100 million euros in seven Dutch locations.
This doubles the real estate assets directly managed by DWRE to currently around 1.3 billion euros. As part of further expansion plans, the company has also opened a branch in the Netherlands (DWRE NL) and an office in Berlin.
DWRE expects further purchases in the residential and commercial segment in both Germany and the Netherlands this year. In the Netherlands, among other things, an “Article 8 Fund” is available for this purpose, which can invest in ESG-compliant residential properties for an initial amount of 100 million euros.
With Guido Schlüter (Management and Acquisition) and Nico Dunnink (Asset Management), DWRE has recruited two real estate experts for its Dutch business activities, who together have more than 50 years of experience in the local real estate market and also have many years of experience in dealing with institutional investors. Both come from MVGM International Advisory, where they were most recently responsible for purchasing and asset management for international clients.
With Christian Geissinger as director of the new branch in Berlin, business activities in northern and eastern Germany will be further expanded; particularly in the Berlin, Hamburg, Leipzig and Dresden regions. Geissinger has worked for well-known Anglo-Saxon and German investors as well as investment managers and banks for over ten years in the area of acquisitions. He has a broad network in the German real estate market.
About DW Real Estate GmbH:
DWRE is an independent investment and asset manager. The company works with German and international institutional investors. The investment focus is on commercial and residential real estate in Germany and the Netherlands. The company has offices in Frankfurt, Munich, Berlin and Amsterdam. Further information and the current purchase profile can be found at www.dw-realestate.com.
Media contact:
Martina Rozok
ROZOK GmbH
PHONE +49 30 400 44 68-1
M +49 170 23 55 988
m@rozok.de
www.rozok.de
