Munich/Berlin/Amsterdam, February 15, 2022 - DW Real Estate GmbH (DWRE) has successfully completed transactions with a volume of more than €1 billion (excluding joint venture interests) in 2021 as part of various acquisitions and sales of commercial and residential properties in Germany and the Netherlands.
Among the most significant acquisitions was 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 with over 15,000 square meters each in Leipzig, Hamburg, Düsseldorf and Munich. Also in 2021, the company successfully sold properties worth approximately 250 million euros.
In the Netherlands, another residential portfolio was purchased for a German pension fund in the middle of last year, so that DWRE with its subsidiary DWRE NL is now invested in seven Dutch locations with over 100 million euros.
This doubles the real estate assets directly managed by DWRE to currently around 1.3 billion euros. As part of its further expansion plans, the company has also opened a branch office in the Netherlands (DWRE NL) and an office in Berlin.
DWRE expects to make further acquisitions in the residential and commercial segments 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 100 million euros.
With Guido Schlüter (Management and Acquisitions) and Nico Dunnink (Asset Management), DWRE has gained 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 acquisitions and asset management for international clients.
With Christian Geissinger as director of the new Berlin office, business activities in northern and eastern Germany will be further expanded; in particular in the regions of Berlin, Hamburg, Leipzig and Dresden. Geissinger has worked for more than ten years with well-known Anglo-Saxon and German investors as well as investment managers and banks 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 in Amsterdam. Further information and the current acquisition profile can be found at www.dw-realestate.com.
Media contact:
Martina Rozok
ROZOK GmbH
T +49 30 400 44 68-1
M +49 170 23 55 988
m@rozok.de
www.rozok.de
