Empira Group, an investment manager for institutional real estate investments in the DACH region, plans to invest around €2bn in residential real estate in Germany through to the end of 2024 in the framework of a strategy for "sustainable real estate".
The sustainable investments will be spread across several mandates. This underlines the diversity and versatility of the investments, which will concentrate on Germany's top seven cities.
"The sustainable investment strategy is an attractive investment opportunity for our investors. At the same time it is also making a contribution to a future-oriented society," says Lahcen Knapp, chairman of the board of directors of Empira Group. "The current market phase offers ideal entry opportunities and conditions for such investments," adds Knapp.
Empira said its strategy for sustainable real estate is not merely aimed at remediating the structural deficits of the existing housing portfolio in Germany but is also intended to meet the requirements for a greener, more sustainable environment in the framework of the EU targets laid down in the "Fit-for-55" programme.
Empira further said that thanks to its vertically-integrated platform, it can utilise extensive internal expertise and competencies in various areas, giving the greatest possible leverage with refurbishment measures to improve the energy efficiency, reduce costs, as well as enhancing the quality and value of the buildings in question.
