Real estate investor and asset manager BlueRock Group AG has acquired a strategic stake in Berlin-based property management firm Residea Immobilien Management GmbH. The move formalises and expands the existing cooperation between the two companies, with BlueRock transferring management of its entire Berlin portfolio to Residea. The integration aims to streamline operations between BlueRock and its affiliate MB Advisors, which oversees asset management for the group’s Berlin holdings. BlueRock stated that the decision is intended to ensure continuity and efficiency in property and tenant management. Residea manages several thousand residential and commercial units in Berlin and employs a team of 40 professionals. The company provides integrated property management services and works with a range of institutional investors. According to BlueRock CEO Ronny Pifko, access to specialised property management is increasingly important in Berlin’s competitive real estate market. “By acquiring this stake, we are securing long-term management quality for our assets,” he said. Katharina Sebening, Managing Director at Residea, noted that the partnership with BlueRock would support the firm’s continued development of service-oriented solutions and reinforce its role in investor-focused property management. No financial details of the transaction were disclosed.