20-09-2017 MÄHREN AG 2017 with half a billion-euro transaction volume
↳ 2017 acquisition volume already at 180-million-euro level; further acquisitions planned
MÄHREN AG recently sold two property portfolios with altogether 62 buildings and 2,197 units in Berlin, Halle (Saale), Magdeburg and Leipzig for about 287.5 million euros. The buyers are ADO Properties and Brack Capital (Brack Capital Properties N.V.).
In the transactions, MÄHREN AG was represented by the Luther Attorney Firm.
We have leveraged the currently very favorable market for dis-posals and thus significantly boosted our liquidity basis for new acquisition projects on a large scale. We will be expanding our portfolio significantly. The dynamics of the residential property market – not least the now very protracted upswing – demand the continuous adjustment of our portfolio to the current and future conditions.
This year, 2017, MÄHREN AG has already expanded its portfolio by altogether 14 apartment buildings in Berlin, Dresden, Leipzig and Magdeburg with altogether 407 residential units. In addition, a residential portfolio with 27 buildings was acquired and an investment made in a commercial property in Berlin City-West. This has pushed the total investment volume since the beginning of the year to about 180 million euros.
“The equity capital base reinforced by our disposals is helping us in our acquisition strategy. The acquisition pipeline is well filled and with plenty of wind in our sails, we will reach the planned investment volume for 2017 and 2018 of 300 million euros well ahead of schedule and significantly raise our investment goals,” says 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