PATRIZIA sells EUR 200m Dutch residential portfolio
PATRIZIA Immobilien AG announces that it has sold a 61-property residential portfolio in the Netherlands for EUR 200 million.
- A total of 1,728 homes spread across 30 municipalities
- Positive market conditions for portfolio optimisation
PATRIZIA Immobilien AG announces that it has sold a 61-property residential portfolio in the Netherlands for EUR 200 million. The portfolio, which contains 1,728 homes spread across 30 municipalities in the Netherlands, will be divided into 1,306 rented houses for senior citizens and 422 residential properties. The joint buyers are Woonzorg Nederland and Amvest.
Peter Helfrich, Country Head of PATRIZIA Netherlands, says the current upswing in the Dutch housing market lends itself perfectly to “optimising our portfolio”, in line with PATRIZIA’s strategy to focus on the most attractive Dutch cities. “This portfolio is an interesting investment product because of the current good financing possibilities, the size of the portfolio and the attractive yield in the regions. We were able to realise this transaction in a very short time, with a unique combination of buyers as a result.”
PATRIZIA Netherlands currently manages over EUR 1.3 billion in investments across the residential and commercial sectors. PATRIZIA offers real estate investment solutions that reflect the different needs, size and scope of more than 200 institutional clients. The number of global investors looking at the Dutch real estate market and the availability of capital is increasing rapidly. With a broad institutional investor base of European and international clients, PATRIZIA Netherlands uses its local platform with dedicated best-in-class specialist teams to manage real estate investments.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across 15 European countries for more than 30 years. PATRIZIA’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global provider of real estate investments in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. Currently, the Company manages real estate assets worth around EUR 21 billion, primarily as a portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.