Nrep continues German market build-out with focus in sustainability and client centric approach

Wooden logistics property in Straubing is one of the joint venture projects Nrep has embarked on with GARBE.

• Nrep has significantly strengthened its presence in the German market during 2024 through JV partnerships, new investments, and increased local presence. This highlights that Nrep is actively expanding and establishing a strong foothold in a market, indicating potential growth opportunities.

Urban Partners’ real estate investor, Nrep has continued to strengthen its German presence during 2024 with additional JV-partnerships, new investments and increased local presence. Four programmatic JV partnerships across living and logistic have now been concluded in Germany, all of which started to invest multiple times to create sustainable, quality stock fit for customers needs. A recent example on the progress of Nrep`s German portfolio is the groundbreaking of one of Europe’s largest fully-wooden logistic properties which will complete in 2025, using regionally-sourced wood from sustainable forestry.

Nrep embarked on its journey in Germany in 2022, with its first investments in the co-living sector. Several logistic investments followed, but Nrep also advanced its investment ambitions with potential partners in the multifamily residential space over the course of 2024 to address the severe undersupply in Germany. This includes both green new-builds as well as brown-to green approaches, where Nrep sees sustained & deep need particularly in Germany. Nrep has a competitive advantage through sustainability-focused investing, with innovative development projects and proactive asset management.

Wolfgang Ködel, Head of Nrep Germany, says: “Our focus is on opportunities in the living and logistic sectors. These are Nrep`s most mature segments where we are not only providing capital but also bring vast expertise around product & customer experience to the table. Deep in-house Asset Management Teams, complimented by a strong sustainability setup differentiate us from competition and provide an edge to co-create future-proof stock with specialized partners”.

Germany – as Europe`s largest economy – is going through a period of transition, which has resulted in capital dislocations, opening up opportunities in the right segments.

“We see improved market conditions in Germany supporting our investment strategy: while overall macro growth is low, higher visibility on interest rates & good real estate fundamentals in our target sectors increasingly help underwriting the risk/return profiles we want to achieve. Concretely, leasing activity in logistics for the quality stock we provide is increasing, and the continued supply/demand imbalance in the living segments supports our ambition to provide sustainable properties to the urban environment” Ködel continues.