Berlin, October 28, 2020. MÄHREN AG, a long-term oriented portfolio holder with a focus on residential properties, acquired real estate for some 55 million euros in Q3, 2020. Now doing business throughout Germany, the company has continued to expand its radius of action by acquiring a residential and business building in Hamburg for the first time. The building with 15 residential and 3 commercial units is in the extremely attractive location Eppendorfer Lehmweg. In Eastern Germany too, MÄHREN AG once again succeeded in acquiring buildings for its portfolio. In Unkersdorfer Straße and Stephensonstraße, Dresden, the company acquired two more multi-family houses with altogether 23 residential units. In Chemnitz, a residential complex with 29 residential units was acquired. The building dating back to 1993 is located in Talstraße.

“We have an extremely sound financial base and thanks to our high equity ratio can flexibly direct our business activities as situations arise,” adds Mähren.

 Project developments in affluent Berlin suburbs

In its home market of Berlin, Mähren AG is expanding its project development activities, investing increasingly in building lots the affluent suburbs and surroundings of the federal capital. For example, the company has inter alia acquired a some 7,000 square-meter site in metropolitan Potsdam for development. In Berlin-Köpenick, MÄHREN AG is planning to develop an acquired construction site with 21 semi-detached houses with altogether 2,500 square meters living space.

“We are intensifying our activities in the field of residential properties development. To that end, we are acquiring predominantly properties in need of development, commercial sites and building lots in Berlin and its close surroundings. We are excellently positioned to re-densify buildings or develop completely anew as the case may be. In Köpenick, for example, we are erecting modern owner-occupied homes in a very attractive location between Müggelsee and Dahme. The demand for living space in the Berlin region is enormous; and here, besides our core business of portfolio holding, we would like to make an offer with project developments in the mid-range segment,” 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.

Website: https://www.maehren.ag/en