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28th June 2016

NAS Invest and BlueRock Fund Acquire Residential Properties Worth EUR 50 Million

NAS Invest, the Berlin-based real estate investor and asset manager, and BlueRock Fund, an AIFM compliant investment fund, have acquired residential properties in Berlin for about EUR 50 million over the first half of 2016. The acquisitions have been made primarily for the portfolio of the co-managed “NAS Berlin Residential Growth” fund.

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NAS Invest and BlueRock Fund Acquire Residential Properties Worth EUR 50 Million

Overall, NAS Invest and BlueRock Fund have acquired close to 200 residential units across the Berlin districts Charlottenburg, Wilmersdorf, Tiergarten and Mitte over the first six months of the year. The two partners expect to invest another EUR 100 million over the next years. NAS Invest is responsible for property asset management and the implementation of the individual project strategies, while BlueRock is in charge of AIFM compliant fund management and reporting.

“Our deep network enabled us to acquire these residential properties in Berlin off market. We will now modernise and reposition them in line with our fund strategy,” says Nikolai Dëus-von Homeyer, managing director at NAS Invest.

“The Berlin residential market still has huge growth potential. Our ability to leverage a local network enables us to identify unique investment opportunities that stand out in the European market including from a risk return perspective,” adds Ronny Pifko, director and founder of BlueRock Fund.

NAS Invest and BlueRock Fund target core plus and value add properties across German metropolitan regions and more particularly in Berlin for the “NAS Berlin Residential Growth” fund.

Please go to www.nas-invest.com and www.bluerockfund.com for additional information.


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