M&G : Real Estate recapitalizes central Berlin residential portfolio by forming new joint venture with BlueRock

Published February 24, 2026 at 10:27 a.m. UTC

Source: MarketScreener

News release

M&G Real Estate recapitalizes central Berlin residential portfolio by forming new joint venture with BlueRock London, 24 February 2026 - M&G Real Estate (M&G) today announces it has completed the recapitalisation of a central Berlin residential portfolio, establishing a new joint venture with BlueRock Group AG (BlueRock). The partnership will deliver high-quality homes in one of Europe's most supply-constrained residential markets, while creating a platform aimed to generate attractive returns for investors.

The portfolio of 302 apartments and 27 commercial units - assembled and managed by BlueRock - will benefit from a €47 million investment to develop 75 new homes in the centre of Berlin, alongside a comprehensive modernisation programme across its existing assets.

The portfolio comprises 13 multi-family buildings within Berlin's S-Bahn ring, placing them in some of the city's most sought-after neighbourhoods, including Mitte, Friedrichshain-Kreuzberg, Tempelhof-Schöneberg and Neukölln - areas where demand for rental housing consistently outstrips supply.

Peter Riley, Head of Capital Partnerships, M&G Real Estate, said: "This transaction demonstrates how M&G can bring flexible and innovative capital solutions - including secondary trades and recapitalisations - to real estate projects, creating value for our global client base. By partnering with BlueRock, we will further create additional upgraded living space whilst also helping to address Berlin's ongoing housing pressures." Ronny Pifko, CEO of Bluerock, said: "Through this partnership with M&G, we are gaining an experienced and internationally respected partner who shares our passion for the German Capital and our commitment to quality, responsibility and value creation. This collaboration underlines the attractiveness of our platform for institutional investors."

M&G Real Estate is part of the M&G Investments €90 billion private markets business, which also invests in infrastructure, private credit, private equity and impact strategies. Its Capital Partnerships capability works with leading global institutional investors to tailor mandates and align capital to scale opportunities.

-ENDS- If you require any further information, please contact:

M&G Media Relations

Camilla Mastellari Rebecca Talbot [email protected] [email protected]

+39 346 11 50787

About M&G Investment

M&G Investments is part of M&G plc, a savings and investments company with £365 billion of assets under management (as at 30 September 2025). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G plc recognises the importance of responsible investing, is a signatory (both as an asset manager and owner) to the UN-supported Principles for Responsible Investment (PRI), and is targeting net zero emissions by 2050, across our investment portfolios and operations. For more information, please visit: https://www.mandg.com

About BlueRock Group

BlueRock Group is a real estate investment and asset manager based in Zurich (headquarters) and Berlin. Founded in 2011, the company develops and implements active investment strategies for family offices and institutional investors, among others. To date, transactions with a total volume of €1.7 billion have been realised.

The company, which operates throughout Europe, focuses primarily on office properties in Germany and the Berlin residential property market. The BlueRock Group has a portfolio of more than 57 high-quality properties in central locations in A and B cities and is involved in the Core+, Value-Add and Opportunistic risk classes. The company currently manages approximately €650 million in assets under management. https://www.bluerockgroup.com

This press release is intended for journalists and media professionals only. It should not be relied on by private investors or advisers. It reflects the authors' present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance. The services and products herein are available only to investment professionals and are not available to individual investors, who should not rely on this communication. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

This press release is issued by M&G Luxembourg S.A. in the EEA, registered office 16, boulevard Royal, L-2449, Luxembourg and M&G Investment Management Limited in the UK and outside the EEA (unless stated otherwise), registered in England and Wales under numbers 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority. M&G Real Estate Limited is registered in England and Wales under number 3852763 and is not authorised or regulated by the Financial Conduct Authority. M&G Real Estate Limited forms part of the M&G Group of companies.