EQT and Pictet Acquire 477-Unit Residential Estate in Mahlow as Part of European Living Strategy
BERLIN — EQT Real Estate, in partnership with Pictet Alternative Advisors Sa, has acquired a 477-unit residential estate located in Mahlow, on the southern edge of Berlin. The transaction, announced Nov. 21, 2025, marks an expansion of EQT’s European Living Strategy in Germany’s residential sector.
Residential Estate Acquisition Near Berlin
The acquired property includes 17 buildings totaling approximately 34,000 square meters, comprising 477 residential units, six commercial units, and 520 parking spaces. The residential estate is situated in Mahlow, a suburban area with direct rail access to Berlin’s city center and proximity to major infrastructure projects such as Berlin Brandenburg Airport.
According to EQT, the acquisition aligns with its European Living Strategy, which focuses on creating high-quality, modern, and affordable homes in supply-constrained urban areas that offer long-term value creation opportunities. Financial terms of the transaction were undisclosed.
Strategic Expansion of EQT’s European Living Strategy
Dave O’Brien, Director of German Living Strategies at EQT Real Estate, said the acquisition represents a milestone for the firm’s residential platform in Germany. “Given the sector’s strong fundamentals and stable demand, we believe the time is right to pursue further attractive opportunities in the country,” O’Brien said in the announcement.
Tom Livelli, Partner and Head of Living Strategies at EQT Real Estate, added that the transaction exemplifies the firm’s approach of acquiring and improving well-located residential properties in major European metropolitan regions. “It reflects our conviction that well-connected suburban areas around Europe’s major cities will continue to offer compelling opportunities for modern, affordable living,” Livelli said.
Outlook
The Mahlow estate provides EQT and Pictet with a platform for potential value-add initiatives, leveraging both firms’ asset management expertise and local market relationships. The property’s location near Berlin positions it to benefit from ongoing infrastructure improvements and population growth in the metropolitan area.
Sources
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