BERLIN – March 3, 2026 – Global law firm Greenberg Traurig advised BlueRock Group AG on the formation of a joint venture with M&G Real Estate to further develop a residential and commercial real estate portfolio in Berlin. The joint venture aims to create additional residential supply in one of Europe’s most constrained rental markets while advancing an established portfolio in central locations.
The portfolio comprises 13 multifamily properties within Berlin’s S Bahn ring, totaling 302 residential units and 27 commercial units located in high demand districts including Mitte, Friedrichshain Kreuzberg, Tempelhof Schöneberg, and Neukölln. Under the joint venture, M&G will provide an investment volume of €47 million. The capital will fund the development of 75 additional apartments in central Berlin and comprehensive modernization and extension measures across the existing assets.
Since acquiring the portfolio in 2022 and 2023, BlueRock, through its local platform MB Advisors, has obtained the building permits required for the planned infill developments. Refurbishment and modernization programs have been prepared and will be implemented with M&G, with project commencement scheduled for the first quarter of 2026.
Greenberg Traurig advised BlueRock on corporate and real estate aspects of the joint venture, including the negotiation and drafting of the joint venture agreement and the related asset management structures.
Background:
Greenberg Traurig regularly advises BlueRock Group on real estate, regulatory, and corporate matters. The current joint venture continues this collaboration and follows the firm’s representation on BlueRock’s joint venture with Tikehau Capital aimed at building a long term residential portfolio in Berlin.