The Inspiration Group, a privately owned real estate investment company headquartered in Berlin, has sold a portfolio of residential and commercial buildings in Berlin-Charlottenburg for EUR 50 million. The buyers are various private investors.
The portfolio consists of four properties with a total of 87 residential and 18 commercial units. The total rental area is around 11,100 square metres. Of this, around 9,500 square metres are residential and around 1,600 square metres are retail, office and restaurant space.
The sale of the flats for the Inspiration Group was actively supported by its sales partner, YS Real Estate GmbH.
The Inspiration Group acquired the properties in 2017 and upgraded them through active asset management. For example, yard renewals were carried out, extensive renovation work was carried out and the electrical installation in the properties was renewed.
Goor Rosenberg, CEO of the Inspiration Group, comments, ‘The Berlin residential real estate market is still attractive for investors. We have therefore decided to use the market situation for a successful exit. Nonetheless, we will continue to acquire residential real estate in Berlin and all of Germany in the future and leverage hidden potential through our real estate know-how combined with a proactive asset management approach.’
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