25-06-2020 MÄHREN AG buys 266 residential units, successfully continuing growth course despite Covid-19
↳ Further acquisitions in the planning stage and under preparation
The acquisitions include a residential complex with 59 residential units, three commercial units in Innsbrucker Strasse, Magdeburg, and a residential complex in Sielower Landstrasse, Cottbus, with 36 residential units and three commercial units. In the Ruhr region, the company has acquired four apartment buildings (Unterstrasse, Herrmannstrasse, Krablerstrasse and Johanniskirchstrasse) with altogether 40 residential units in Essen and also a residential complex with 21 residential units and a commercial unit in Schützenstrasse, Dortmund, and thus successfully added to its portfolio.
Despite the regulatory red tape such as the Berlin rent cap and the effects of the Covid-19 pandemic, we have not erred from our expansion course and are sticking to our investment plan for 2020 with further comprehensive acquisitions. We regard the outlook for the residential properties asset class as positive.
Besides investments in its Berlin core market, the company is continuing its Germany-wide activities. Just in the past year, various buildings were acquired in attractive locations such as the Ruhr region. “Besides large apartment buildings or residential complexes we also invest in smaller buildings with fewer residential units in stable areas in B and C locations. Furthermore, we are planning our first investments in other asset classes,” explains Mähren.
About MÄHREN AG
MÄHREN AG is an owner-managed housing company based in Berlin. The company was founded by CEO Jakob Mähren in 2002. As a long-term oriented portfolio holder, MÄHREN AG buys mainly residential properties throughout Germany with a focus on the Berlin metropolitan region, the Rhine-Ruhr region, Eastern German medium-sized centers and Northern Germany. In the past three years, the company closed deals worth more than a billion euros. Right from the start, the portfolio of residential and commercial space owned has been consistently expanding, standing today at more than 2,000 units.
Phone.: +49 30 / 72 62 76 1612