Blue Rock: German real estate market in its sights
The Zurich-based investment boutique Blue Rock Group is selling its penultimate building in Denmark and intends to focus more on the German real estate market in the future.
Zurich-based Blue Rock Group has sold the Ørbæhårds Allé apartment complex in Hørsholm near the capital Copenhagen to a local Danish conglomerate. The apartment complex is a joint venture with London-based Eurolinque Realty Uk Ltd, the company says. The property comprises twelve rental apartments with a total area of 1,260 sqm and was built 20 years ago. The building complex is part of a portfolio of residential units in the Danish towns of Hørsholm and Vallensbæk with a total of 73 apartments and townhouses. The sale has been handled by Cushman & Wakefield | Red.
As Blue Rock managing director Ronny Pifko says, the investment company has focused on the German real estate market in the past year and wants to push this further in the future. The sale of the smaller project in Denmark creates capacity for investments in Germany. Blue Rock has its sights set on office properties throughout Germany, and the company is also active in the Berlin residential property market. Most recently, the investment company acquired 20 residential properties in Berlin. In addition to Germany and Denmark, Blue Rock is also invested in Switzerland. According to the company, it currently manages a portfolio of more than EUR 900 million. (ah)
