Round Hill Capital to sell Berlin €86m property portfolio
Real estate asset manager Round Hill Capital has announced the sale of a €86m property portfolio in Berlin to Akelius Gmbh.
The portfolio includes 39 residential properties covering 60.000 square metres in the areas Wedding, Tiergarten, Kreuzberg and Charlottenburg. The agreed purchasing price represents €1,430 per square metre.
„Our investors appreciate the added value in German real estate which we can offer to real estate- and asset managers“ explains Michael Bickford, founder and CEO of Round Hill Capital.