Berkeley Investments forms joint venture with GARBE

Boston, MA Berkeley Investments (Berkeley), a real estate investment and development firm, has formed a new strategic joint venture with GARBE, one of Europe’s leading real estate investment, development, and asset management companies. Founded in 1965 in Hamburg, GARBE is a full-service real estate company, employing over 600 professionals in 21 branch offices in Europe, Singapore and Dubai. 

This new venture, named Berkeley Garbe LLC, will be led by Young Park, founder and president of Berkeley Investments. 

Park said, “Through this joint venture, Berkeley has established a long-term partnership with a global institutional platform that will strengthen its entrepreneurial initiatives while preserving the privately owned, team-oriented culture that has defined Berkeley for years.” 

Park said Berkeley Garbe will continue to function independently, with support from GARBE’s global operations and capital relationships, while maintaining decision making and direction at the local level. In addition, Berkeley Garbe will be responsible for managing the assets of the JV, providing strategic guidance and leadership.

GARBE currently manages a diversified portfolio of over 85 million s/f with a value in excess of $15 billion across three operating business lines, GARBE Industrial, GARBE Reside and GARBE Infrastructure.

The JV creates a transatlantic platform that will encourage immediate expansion across US industrial, multifamily, and infrastructure markets – initially focusing on the Boston and New England regions – while strengthening Berkeley Garbe’s ability to take on larger and more diversified investment and development opportunities across the Northeast.

The JV also leverages the complementary strengths of both companies: GARBE’s European-scale capital markets infrastructure and institutional investor relationships, alongside Berkeley’s proven local market knowledge, development expertise, and established track record across a diverse range of product types. The partnership enables Berkeley Garbe to expand into high-growth markets throughout New England and beyond while benefiting from specialized management expertise across sectors including industrial, multifamily, data centers, infrastructure, and sustainability initiatives.

Adds Park, “For more than thirty years, Berkeley has been guided by a simple conviction: that innovative design and deep local market knowledge create enduring value in real estate. GARBE shares that same philosophy. Their track record of building a leading European platform through conviction-driven investment, focus on sustainable priorities and hands-on development closely mirrors what we have accomplished in Boston.”

“Expanding into the United States through this joint venture with Berkeley Investments is a landmark step in GARBE’s evolution as a global real estate platform,” said Christopher Garbe, managing partner of GARBE. “Berkeley’s entrepreneurial culture, vertically integrated capabilities, and deep expertise in life sciences, urban residential and mixed-use development are a natural complement to our strengths across the Beds, Sheds and Infrastructure verticals. This partnership brings together two firms that share a conviction-driven, design-forward approach to real estate — and a mutual shareholder history that underpins the trust and alignment at the heart of this venture.”