HPBA brokers 490 residential units for approx. EUR 130m

HPBA has successfully brokered the off-market transaction of a real estate portfolio in Berlin, advising both parties throughout the entire process. The portfolio comprises 490 residential units and 62 commercial units in Berlin, with the purchase price amounting to 130 million euros. The buyer is the European real estate company Covivio; the seller Threestones Capital, an investment manager from Luxembourg.

“The residential real estate market in Berlin remains attractive and will continue to be so for many years despite numerous official regulatory measures. In this regard, off-market transactions are gaining in significance against the background of the coronavirus crisis. With our special HPBA off-market method we create a high level of transaction certainty for both the buyer and the seller,” says John Amram, the Managing Director at HPBA GmbH.

“We are very satisfied with the result of this transaction for our TSC Berlin Residential Fund. We would like to thank Covivio for the very good cooperation and HPBA for the reliable and professional support of the transaction", says Francesco Sparaco, Managing Partner at Threestones Capital Management.

About HPBA Real Estate Solutions:

HPBA Off-Market Solutions is the leading off-market transaction specialist in Germany and has accompanied real estate transactions with a value of more than seven billion euros. The company advises owners, investors and users with regard to all aspects of real estate, accompanying transactions of individual properties as well as nationwide portfolios and complex deals in the form of joint ventures or mergers and acquisitions. The clients of HPBA are professional investors, including private equity investors, fund managers, insurers and pension funds, as well as national and international family offices and high net worth individuals. HPBA founder John Amram and his team have many years’ experience and comprehensive expertise in the field of high-value real estate investments. The company has been in existence for more than ten years.

Press contact:

PB3C GmbH
Holger Friedrichs
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10789 Berlin
Tel. 030 72 62 76 163
friedrichs@pb3c.com