Over the past two years, the real estate specialist BlueRock Fund has invested over €200m in the acquisition of seven properties in Germany and Switzerland, but it is planning further development. More recently, the company invested €40m to acquire and renovate residential buildings in Berlin. BlueRock Fund plans to invest an additional €100m in the acquisition and renovation of residential schemes located in Berlin during the coming year. These will be carried out by purchasing a complete residential multifamily building and renovating it, if required. The resulting apartments, to be bought at €2,000 to €5,000 per square meter in top neighbourhoods, would be sold and the profits reinvested.
