London/Hamburg, 30 September 2026 – BauMont Real Estate Capital, the value-add real estate investment manager that is part of M&G Real Estate (M&G), has entered the German market with the acquisition of a residential property in Munich alongside local operating partner Reneo. The acquisition marks the first under a strategic partnership targeting more than €200 million of investment over the next 12 months, creating a scalable platform to pursue value-add opportunities across Germany’s residential market.

Located in Obersendling, a well-connected district in south-west Munich, the asset will be transformed into a more energy-efficient and higher-density residential scheme. The brown-to-green refurbishment will upgrade the building’s energy performance from class H to class A, while rooftop and structural extensions are expected to create around 1,700 sqm of additional living space and more than 30 new apartments, increasing the total number of units to more than 250.

The acquisition reflects M&G’s conviction that Germany’s residential sector offers attractive opportunities for active asset management, particularly where investment can improve energy efficiency, increase housing supply and support long-term sustainability objectives. It also underlines the rationale for BauMont’s partnership with Reneo, whose technology and asset management platform uses AI to identify, standardise and deliver valuecreation opportunities across residential assets through decarbonisation and the creation of new floor space. Backed by M&G Real Estate’s €40 billion platform1 , BauMont will combine its investment expertise with Reneo’s origination capabilities, local market knowledge and integrated operational platform.

Ibrahim Awan, Investment Director Germany at BauMont Real Estate, said: “This acquisition marks BauMont’s entry into the German market and reflects the opportunity we see to invest in well-located residential assets where we can improve energy efficiency, create new homes and deliver value for our clients. Germany has one of Europe’s most undersupplied housing markets, alongside a large stock of older buildings that need investment. By partnering with Reneo, we are combining BauMont’s investment expertise with a specialist platform that can identify and deliver these opportunities at scale.”

Alexander Graubner-Müller, Founder and Co-CEO of Reneo, said: “We are delighted to partner with BauMont. The Munich acquisition shows how institutional capital can efficiently fund projects combining financial performance with measurable environmental impact. Together, we aim to unlock underutilised assets and create much-needed housing.”

Lambros Reppas, Managing Director at Reneo, added: “The Munich investment exemplifies what we want to scale: identifying existing properties with substantial energy and structural potential and combining institutional capital with our operational execution. Upgrading over 200 units from energy class H to A and adding over 30 new apartments unites climate impact with a clear economic rationale – exactly what makes our model attractive to institutional investors.”

The parties were advised on the transaction by Newmark, Drees & Sommer, GSK und DGX .

About BauMont

BauMont Real Estate Capital is a value‑add real estate investment manager and part of M&G Real Estate, focused on repositioning and redevelopment strategies across Western Europe. Formed in 2017 and led by Robert Balick and Frédéric Laurent, BauMont’s leadership team brings more than 50 years of experience delivering value‑add real estate strategies across the UK and Continental Europe. BauMont’s investment strategy focuses on acquiring well‑located assets where value can be created through intensive asset management and redevelopment, with a particular emphasis on office, residential and mixed‑use opportunities in supply‑constrained markets. The firm has successfully managed investments through multiple market cycles, including periods of heightened volatility and capital dislocation. With offices in London, Paris and Frankfurt, BauMont’s experienced investment team benefits from the scale, capital strength and global reach of M&G Real Estate, while retaining a specialist, hands‑on approach to sourcing and executing value‑add opportunities across Europe.

www.baumontrealestate.com

About Reneo

Reneo offers the complete solution for the investment and value-creation process of residential real estate. As a technology and asset management platform, Reneo leverages AI expertise to increase the value of residential properties through a programmatic and standardised approach based on decarbonisation and new floor space. Since its founding, the company has executed a transaction volume of more than EUR 750 million via its platform and currently manages a portfolio of more than EUR 400 million. Its capital partners include Peakside Capital, Ardian and BauMont Real Estate, as well as pension funds and family offices. Reneo was founded by Lennart Börner and Alexander Graubner-Müller, who lead the company as Co-CEOs. Its shareholders include the venture capital investors Eurazeo, Lakestar and Foundamental, the family-owned companies Goldbeck and Bauwens, as well as prominent business angels, who together have invested around EUR 50 million in equity.

www.reneo.de

Press Contact

Lena Interthal
M&G Investments
Mobile: +49 162 7882 641
lena.interthal@mandg.com

www.mandginvestments.com/