Swiss-based investment manager Empira Group plans to invest around €2 bn in German residential real estate by the end of 2024 as part of a ‘transition to green’ strategy.
Announcing the move during Expo Real in Munich, Empira said the investments will be concentrated in Germany’s top seven cities and spread across several mandates.
‘The sustainable investment strategy is an attractive investment opportunity for our investors,’ said Lahcen Knapp, chairman of the board of directors of Empira Group. ‘At the same time it is also making a contribution to a future-oriented society.’
He added: ‘The current market phase offers ideal entry opportunities and conditions for such investments.’
Empira’s sustainability strategy is aimed at upgrading the existing housing stock in Germany and meeting requirements set out in EU targets for the ‘Fit-for-55’ programme.
Headquartered in Zug, Empira is a leading investor in the German-speaking DACH region with around €8.7 bn in assets under management. It is active in both the equity and debt sectors.