Tikehau Capital and Forte acquire residential assets in Germany

Global asset manager Tikehau Capital and residential real estate company Forte have purchased five residential properties in major German cities from MEAG.

Frankfurt, Germany

The portfolio includes 24,110 m2 of rentable space and about 300 residential units in Frankfurt, Düsseldorf, Cologne, and Bonn.

The plan is to modernise these properties, improve their energy efficiency to meet sustainability standards, and enhance tenant comfort. All properties are in desirable neighbourhoods with high tenant demand, benefiting from Germany's positive demographic trends in its largest cities.

This acquisition is part of Tikehau Capital's European real estate strategy and is the company's sixth transaction in Germany, as well as its second collaboration with Forte. The investment fund focuses on sustainable projects and integrates ESG criteria.

Steffen Meinshausen, head of Real Estate Germany at Tikehau Capital, commented: “This acquisition is another important milestone for our German real estate business and underscores our commitment to long-term urban development. The project is part of our pan-European value-add real estate strategy, through which we sustainably develop buildings and living spaces.”

Felix Väth, head of Transactions at Forte Capital, added: “We are very pleased to develop the properties through targeted modernisation measures and orient them towards the future in our second joint venture deal with Tikehau Capital. This addresses the growing need for affordable housing and contributes to urban development.”

Tikehau Capital and Forte were advised by Simmons & Simmons, SNP Schlawien,  CBRE, Cushman & Wakefield and JLL.