Monday, 5 October 2026
Deutsche Asset One has completed two residential transactions in Berlin with a combined value of around EUR 120 million, selling a large established housing complex in Tempelhof-Schöneberg while acquiring two recently completed properties in Altglienicke for another institutional investor.
The larger transaction involves a residential complex dating from 1931 in Tempelhof-Schöneberg. The property comprises 875 apartments, five commercial units and 104 parking spaces, together with potential to create additional residential space through attic conversions. Deutsche Asset One acquired the complex for an institutional fund in 2013 and subsequently carried out a substantial programme of improvements, completed in 2015.
After approximately 12 years in the portfolio, the property has now been sold for around EUR 100 million. The disposal represents the exit from a mature investment following a long holding period rather than a reduction in Deutsche Asset One’s overall exposure to Berlin residential property.
At the same time, the investment manager has deployed capital into recently developed housing in the southeast of the German capital. Two buildings forming the Grünfinken development at Grünauer Straße 15–17 and 20–21 in Altglienicke have been acquired for an institutional investor for approximately EUR 20 million.
Completed in 2025, the two properties provide 43 apartments, four commercial units and 21 parking spaces and are fully occupied. The seller is SGI Immobilien Entwicklung und Verwaltung GmbH, part of Berlin-based Streletzki Group, which has been active in residential and commercial development in the Berlin region.
Together, the two transactions cover 918 apartments, nine commercial units and 125 parking spaces. They also illustrate two different stages of institutional residential investment: the disposal of an older asset after more than a decade of ownership and capital expenditure, alongside the acquisition of newly constructed, income-producing housing.
The transactions come as institutional investors continue to reassess German residential portfolios following several years of higher financing costs and repricing. In this case, however, the activity is best viewed as portfolio rotation rather than evidence on its own of a wider market shift, with Deutsche Asset One simultaneously realising value from an established Berlin investment and securing modern residential stock for a separate institutional mandate.
