FAP Group, one of the leading independent consultancies for raising and structuring capital for real estate investments and project developments, structured the financing and managed the selection process for the acquisition of 13 residential buildings in Berlin by BlueRock Group.

With the purchase of the centrally located buildings, the Swiss BlueRock is investing a further 112 million euros in its residential real estate portfolio in the German capital. The buildings comprise a total lettable area of around 25,000 m², divided into 326 residential and 25 commercial units. FAP advised BlueRock on the financing and structured the financing tranches with regional and national banks. Kim Jana Hesse, Head of Capital Partners at FAP, says: "We are delighted to have advised BlueRock on another transaction in Berlin. Our broad network enabled us to identify strong banking partners." BlueRock is planning further investments in Berlin on a similar scale. The group plans to expand its Berlin portfolio to an investment volume of up to €300 million.

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