Round Hill Capital advanced its approximately €1 billion investment plan in Germany's residential sector by acquiring a portfolio of 770 flats for an undisclosed price, Property Investor Europe reported, citing a press release.
The British private equity group acquired the properties in the central Mitte and Friedrichshain-Kreuzberg districts from an unnamed seller. Austrian financial company Bluerock Group of Cos. and an international insurer are among the portfolio's investors.
Round Hill Capital's new investment plan in the country, which represents its comeback in the German residential sector, will cover 15 of the biggest metropolitan areas, according to the report.
The private-equity group's affiliate company, Residea Immobilien Management, will manage the portfolio.