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Propfund has acquired its third portfolio for its Propfund 1- Income Generating Fund. This brings the total number of units acquired for this fund to 140, generating a rental income of €672,000 pa !
Portfolio News
Propfund 1 raises over €3,000,000 in private equity to date
Last updated: May 14, 2011Propfund 1 has raised over €3,million for its Propfund 1 – Income Generating Fund. “Unlike many of our European partners, the German real estate market, in particular Berlin, is attracting a lot of interest from property investors from all over the globe”, says David Healy, Director of Propfund Germany
Propfund to acquire over 500 units in 2011
Last updated: March 26, 2011Propfund Germany 1 – Residential Fund is acquiring off-market small to medium sized residential portfolios of, on average, 30 properties in one building. Propfund Germany is governed by strict acquisition criteria, each portfolio has to be approved by more than 50% of the investors before it can be acquired.
Propfund acquires 73 units in Brandenburg
Last updated: January 17, 2011Propfund is pleased to announce its first acquisition into its Propfund Germany 1 – Residential Fund. With the equity it has raised to date it has completed the purchase of 73 units in Brandenburg for €2,700,000. “This is an excellent acquisition for the fund”, says Marco Knoblauch, Fund Manager.
Berlin city centre portfolio acquired by Propfund
Last updated: January 17, 2011Propfund Germany 1 – Residential Fund has acquired its second portfolio in Mariendorfer Damm in Templehof in the south of the city. It includes 15 residential apartments and 4 commercials in a recently renovated building. “Our shareholders are excited about this acquisition” says David Healy, Sales and Marketing Director for Propfund.
