Peakside acquires 850 residential units and accelerates its “Develop-to-Green” strategy in partnership with operating partner Reneo
Frankfurt / Hamburg, 02. October 2025 – European investment manager Peakside Capital Advisors AG (Peakside) has successfully completed several large-volume acquisitions in recent months, totaling approximately 850 residential units. In collaboration with operating partner Reneo Group (Reneo), Peakside is continuing the implementation of its Develop-to-Green strategy.
At the core of this strategy is the identification of legacy residential assets with significant modernization and ESG potential, which are then upgraded and densified using standardized renovation packages. Planned measures to reduce CO₂ emissions include façade insulation, modernization of building systems, and the integration of renewable energy sources. These improvements significantly lower energy consumption, resulting in reduced utility costs for tenants and long-term value appreciation for investors. The projects are also supported by public funding, including KfW subsidies and other financing schemes.
The completed transactions include the acquisition of a portfolio from ZBI in Berlin and Cologne, and multiple assets previously owned by MEAG in Hamburg. Additional properties in Berlin were also acquired. Financing was provided by Hamburger Sparkasse and a green loan facility from UniCredit. Transaction advisory was supported by Engel & Völkers and Grossmann & Berger, among others.
“These acquisitions for our PREF IV fund underline our commitment to drive future-readiness of Germany’s aging residential stock, both environmentally and economically,” said Boris Schran, Managing Partner at Peakside. “We are targeting assets with substantial value-add potential, combining profitability with a strong focus on sustainability and district development.”
Simon Lutz, Partner at Peakside, added: “We started acquiring and repositioning multifamily assets because we are convinced that decarbonizing the residential sector is essential. In Reneo, we have found a partner that enables scalable execution through digitized and structured workflows, covering asset assessment, planning, project steering, and quality assurance. Together, we are well positioned to execute this complex transformation over the coming years.”
Lennart Börner and Alexander Graubner-Müller, Co-Founders and Co-CEOs of Reneo, emphasized: “With our proprietary technology platform, we identify the potential of stranded assets and develop renovation and densification concepts that benefit both tenants and investors. Together with Peakside, we are bringing a Develop-to-Green strategy to life that creates real, measurable impact.”
With these acquisitions, Peakside and Reneo continue to expand their joint strategy of investing in residential assets with ESG potential in Germany’s metropolitan regions. The transactions mark another milestone in their long-term partnership under the Develop-to-Green program. In total, approximately €500 million in equity and debt capital is expected to be deployed across Germany’s Top 7 cities.
About Peakside
Peakside Capital Advisors AG is a European investment manager overseeing more than €1.6 billion in real estate assets on behalf of institutional investors. Depending on client needs, Peakside executes investment strategies ranging from Core to Value-Add and Opportunistic, across both commercial and residential sectors. To date, the company has acquired real estate worth more than €4.7 billion. Its portfolio includes project developments, standing assets, single properties, portfolios, and entire platforms. Peakside employs over 35 professionals across offices in Frankfurt, Zug, Warsaw, Prague, and Luxembourg.
About Reneo Group
Reneo provides an end-to-end platform for residential real estate investment and decarbonization. Combining asset management and proprietary technology, Reneo applies a standardized, programmatic approach — driven by artificial intelligence — to unlock value in the residential sector. Since 2020, the company has transacted more than €600 million and plans to deploy significant additional capital in the coming years. Reneo was founded by Lennart Börner and Alexander Graubner-Müller and is led by them as Co-CEOs. The company currently employs around 100 people across multiple locations in Germany.
Press Contact
Sabine Bernstein
Feldhoff & Cie. GmbH
Mobile: +49 152 21 90 33 48
sb@feldhoff-cie.de
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