REYL Corporate Finance (REYL CF), the investment banking arm of REYL Intesa Sanpaolo (REYL), acts as sole financial advisor to its client, a private investor, on the acquisition of a new mixed-used property in Berlin in form of a forward share-deal from a local developer.
The transaction involves an energy-efficient real estate asset currently under construction lo-cated in Berlin-Schöneberg, 5 km southwest of the city centre. Construction is expected to be completed in February 2023. The asset consists of 60 apartments/micro-apartments, alongside retail and office space, over a total area of 2,600 m². With this deal, the private investor is em-barking on the development of a large-volume real estate portfolio focusing on selective val-ue-add investments mainly in Germany.
The seller, MHMI Immobilien-Verwaltungen GmbH, is a German developer who specialises in residential properties in the region of Berlin, aided by its affiliated construction company ANES Bauausführungen Berlin GmbH.
REYL Intesa Sanpaolo acted as sole financial advisor to its client throughout all steps of the transaction.
Xavier Ledru, Head of REYL Corporate Finance, said: “Every energy-efficient property devel-opment constitutes a vital step towards a more sustainable future for Europe, and we were pleased to support our client in this important acquisition. This new transaction is an addi-tional step in the development of our growing real estate advisory practice and reinforces our growing pan-European footprint.”