BERLIN-Real Capital has acquired a property comprising two buildings in Berlin, Germany. This is the company's twentieth income-generating property acquisition in the region. In the two buildings, one is commercial and the other is residential. The company plans to manage the property for a while to get rental income and then convert the commercial building and market it as residential condos.
With this acquisition, Real Capital has extended its dominance as the largest non-sovereign Middle Eastern investor in the Berlin real estate market. For the full story, go to Europe Real Estate .
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