BNP Paribas sells 'Super Seven' German residential portfolio in major deal
BNP Paribas has sold its German 'Super Seven' residential portfolio in a major asset deal. The collection of properties, nearly fully occupied, includes 532 flats and 10 commercial units across six cities. Hogan Lovells provided legal advice on the transaction, which was structured as a direct asset transfer.
Quantum Immobilien KVG is purchasing the portfolio on behalf of institutional investors. The properties span roughly 48,900 square meters, with the vast majority dedicated to residential use. The 'Super Seven' portfolio covers seven buildings in key German locations. Together, they offer around 47,600 square meters of living space and a leasing rate close to 98%. BNP Paribas Asset Management relied on Hogan Lovells for legal guidance throughout the sale. The advisory team included lawyers from Düsseldorf, Hamburg, Berlin, Frankfurt, and Munich.
The deal comes as Germany's housing market shows signs of recovery. After a downturn in 2022—marking the first price drop in a decade—existing home values rose by 2.3% in 2023. Metropolitan areas are now seeing steady growth, with annual increases of around 2% expected until 2035. Newer properties are performing particularly well.
Regional trends vary. In Cologne, purchase prices have climbed since late 2025, with new builds averaging €6,740 per square meter and pre-1919 properties at €5,330. Demand is shifting toward smaller units. Munich's market is also rebounding, with modern flats (2010–2020) holding value, while older, unrenovated homes lag behind. Across Bavaria, cities like Würzburg report modest gains after earlier declines. Quantum Immobilien KVG will manage the portfolio under a custom mandate for institutional backers. The acquisition adds a high-occupancy residential asset to their holdings. Meanwhile, Germany's housing sector continues its gradual rebound, with stronger growth forecast for newer developments in major cities.
