Fall 2021 Newsletter

A lot has been happening at BlueRock and with its team this season. Two major deals have recently been added to our portfolio and two new faces have joined our team in Zurich.
The real estate world continues to adjust to the global health crisis and are taking this into account with new investment decisions and allocations. Thankfully the BlueRock portfolio has not been affected by the pandemic and we have not had any rent deficit or lease terminations, we therefore remain very selective when assessing new investment possibilities in the office market. As more capital moves towards the residential sector we were also able to invest significantly in this highly sustainable investment category in the past year. In the current climate ESG factors are becoming more important to many investors and partners. Consequently, BlueRock Group continues to integrate this important component into the existing portfolio and new ESG friendly strategies which will be introduced in the future.

BlueRock Fund Cell XV - Berlin Residential

As part of the Berlin Residential Portfolio, BlueRock is investing into multi-family houses in central Berlin. A strict acquisition profile has been established so that the highly attractive business model can be achieved and thanks to our local team we have been able to compile a portfolio of 15 properties as of September 2021. The temporarily implemented Berlin Rent Cap has had a great influence on the intriguing Berlin residential market and BlueRock was one of the only investors who saw the potential during this excessively regulated period and built a very unique investment product. BlueRock Group intends to greatly expand this seed portfolio and envisions a scale-up of up to EUR 300 million in value
for this strategy. A major expansion into the residential sector has thus been realised in our group and will surely accompany BlueRock and its investors for many years to come.

BlueRock Fund Cell XVI - Eschborn

Two office buildings from the «Mergenthaler Connects» office park in Eschborn, were acquired by BlueRock in June 2021. The large buildings comprise a total of 15’016 sqm rental area and are greatly under-rented compared to neighboring properties in the popular office location of Eschborn, a suburb of Frankfurt closely located between the city centre and the airport. The investment was promoted as a «Core Plus» risk profile, as it has a strong foundation, 85% occupancy and WALT of 7 years, with additional value-add potential. The asset management team is already very active with letting out the acquired vacancies and other improvements to the buildings.

Welcome Lorin and Caroline!

We are glad to announce that two new team members have joined BlueRock in recent months.

Caroline Staub has been appointed as the new Head of Asset Management. Caroline has worked in the real estate industry for over ten years and has gained extensive experience in the fields of asset management, acquisition and sales, landlord-and tenant representation and business development. At BlueRock Group she is responsible for the asset management of the portfolio, sourcing of new investment opportunities and business development.

Lorin Zimmermann joined as Junior Analyst assisting our asset pricing and finance team. Lorin is simultaneously finalizing his bachelors degree at the University of Zurich in Banking and Finance

We are very excited to welcome our new colleagues and wish them much success and joy at BlueRock Group.

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