Northern European real estate investor Nrep has appointed Wolfgang Ködel as head of Germany as of 1 July. Ködel, who studied architecture and holds a degree in engineering, worked for the investment company BlackRock for the past 16 years. Less than 10 months after Nrep's entry into the German market and after first investments in co-living apartments in Berlin, Frankfurt and Essen, Ködel is now tasked to drive further real estate investments in Germany. As a result of Nrep's recent value-add fund raise with a total volume of €3.65 bn, the company has an investment volume of up to €1 bn, including debt capital, available for the German market, which the firm intends to invest over the next 18 months.
The focus is on apartments, offices and modern logistics facilities in Germany, with a goal to demonstrate the market viability of transformation in the real estate sector with proven decarbonisation solutions.
Source: https://propertyeu.info/Nieuws/Nrep-appoints-head-of-Germany-allocates-1b-to-market/a8807376-96dc-418b-96ff-da2fc949e1cf, on 06.07.2023