Primevest Capital Partners Buys German Residential Developments
Posted on 06/08/2021
Dutch-German investment manager Primevest Capital Partners is a pan-European investment boutique, specializing in real asset investment strategies. On behalf of a south German pension fund, Primevest Capital Partners acquired a newly-built residential complex located on Drosselweg 17-25 to the southeast of Aachen’s city center. Primevest Capital Partners invested €9 million to buy the 47 subsidized apartments in Aachen from Merkur Development Holding. The complex was completed in December 2020 and comprises five three-storey buildings.
On May 6, 2021, Primevest Capital Partners purchased an eight-building residential development in Peine on behalf of a German pension fund. The development, at Gunzelinstraße 12a – 16b, comprises 97 residential units totaling some 7,730 square meters of lettable space. The seller is Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH. Primevest Capital Partners was advised by law firm CMS Berlin and by DGI Real Estate Management & Advisory GmbH on technical matters. Neopolis Advisory acted as consultant on the transaction. Hannover-based law firm Bethge Rechtsanwaltgesellschaft GmbH acted on behalf of the vendor.
Keywords: Primevest Capital Partners Nederland B.V. Primevest-Capital-Partners Deutschland GmbH