CBRE GI and CR Investment partner to develop German apartments
IPE Real Assets, 10.2019
A value-add fund managed by CBRE Global Investors has joined forces with CR Investment Management to develop apartment assets in Germany. CBRE Europe Value Partners 2 (EVP2) has partnered with CR, which has an established partnership with apartments firm Stayery, to pursue a serviced apartment development strategy. The joint venture will progress the planned growth of Stayery. CBRE said the project developments will be concentrated on cities with major employer clusters, or underdeveloped hotel markets, adding that there will be a focus on university cities.