N A S Invest and BlueRock acquire German Mittelstand properties worth 30 million euros.
- Acquisition of two office properties in North Rhine-Westphalia.
- Assets with diversified tenant mix from the German Mittelstand.
- Purchase volume of around 30 million euros.
N A S Invest and BlueRock continued their BR-NAS German Mittelstand Properties strategy in June with the purchase of two office properties. In Dusseldorf an office property with substantial appreciation and repositioning potential has been acquired. In Essen, the joint venture partners acquired a core plus property with long-term leases.
“Our good access to sellers has allowed us to secure real estate that fits in perfectly with our investment strategy. The properties we have acquired offer interesting opportunities for adding value with an attractive tenant mix of companies from German SMEs, “says Marco Lüder, Managing Partner at N A S Real. BR-NAS German Mittelstand Properties focuses on investments in office and medical centers in the conurbations of Germany.