31-01-2020 MÄHREN AG is planning to expand its Berlin portfolio despite rent cap
↳ Successful expansion in 2019 with a transaction volume of some EUR 150 million↳ Target investment volume in 2020 of EUR 200 million
↳ Sharper focus on in-fill constructions and project developments
Despite regulatory red tape like the rent cap that was decided yesterday, the housing company is remaining faithful to investing in the federal capital with plans to further expand its Berlin portfolio.
Property prices in Berlin have fallen on the back of the discussions about the rent cap, which opens up more investment possibilities for us. We are observing the market closely and leveraging our deep market knowledge so that we can invest heavily.
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, for example in Essen and Dortmund. “We are also investing in smaller buildings with fewer residential units, also in B and C locations,” explains Mähren.
Mähren AG will focus more sharply on developing residential properties. To that end, properties in need of development, commercial sites and building lots in Berlin and its close surroundings will predominantly be acquired. We are excellently positioned to re-densify buildings or develop completely anew as the case may be.
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.
Website: https://www.maehren.ag/en
Press contact:
Karl-Philipp Jann
PB3C GmbH
Phone.: +49 30 / 72 62 76 1612
Email: jann@pb3c.com