Over the next 12 months, Propfund will acquire over 500 properties in prime locations in Berlin and neighboring cities. The acquisition team have a very strict criteria when sourcing suitable properties for our residential property fund.
March 2011 – Projects approved for Acquisition
Beusselstrasse - Berlin (Charlottenburg) – 48 Units
| Purchase Price: |
€1,675,000 (Factor 11.22) |
| Current Rental Income: |
€149,350 |
| Rental Yield: |
8.92% |
| Equity from Propfund: |
€361,733 |
| Annual Profit: |
€32,369 |
| Yield on Equity: |
8.95% |
| |
(more details) |
Gross Ziethen– 65 Units
| Purchase Price: |
€5,000,000 (Factor 10.3) |
| Current Rental Income: |
€485,435 |
| Rental Yield: |
9.71% |
| Equity from Propfund: |
€317,306 |
| Annual Profit: |
€86,140 |
| Yield on Equity: |
12.39% |
| |
(more details) |
Bahnhofstrasse Berlin (Pankow) 6 Units
| Purchase Price: |
€460,000 (Factor 11.44) |
| Current Rental Income: |
€40,202 |
| Rental Yield: |
8.74% |
| Equity from Propfund: |
€45,000 |
| Annual Profit: |
€8,181 |
| Yield on Equity: |
18.43% |
| |
(more details) |
T:+49 30 499 05 09 50
T:+353 1 9014 622
