The investments have been made on behalf of Round Hill Capital’s European Residential Income Fund II (‘ERIF II’), which now owns over 3,000 units across Denmark, Germany, Ireland, Spain, the Netherlands and Finland.
Construction of both high quality assets completed in 2024. Comprising predominantly one-bed apartments that are designed to meet the acute need for affordable housing in Greater Berlin, both have been built to the highest sustainability credentials (Label A), in locations that benefit from excellent connectivity.
The first investment is a 208-home property in the well-connected north-Berlin submarket of Hohen Neuendorf, which was acquired from KW-Development GmbH, and is already 92% let. Favourable financing terms, were taken over as part of the transaction, secured on the basis of the KfW40 certification, the highest energy efficiency standard in Germany which typically attract the best financing terms.
The second investment is a 51-unit property, which is 98% occupied and located in the South Berlin submarket of Erkner. The area has experienced the fastest employment growth in Germany in the last four years, driven predominantly by the opening of a Tesla factory and the new Berlin airport.
