PATRIZIA AG, the global partner for pan-European real estate investment, has announced the sale of a large, mainly residential portfolio for €375 million ($410 million).
The portfolio comprises 2,023 residential and 60 other, mainly commercial, units, located in 29 cities in the Netherlands. Sixty percent of the properties are situated in the so-called Randstad megalopolis, the urban area in and around Amsterdam and Rotterdam with strong macro-economic growth prospects. The buyer is the Swedish residential real estate company, Heimstaden.
Peter Helfrich, regional head northwest Europe at PATRIZIA, added, “The residential sector in the Netherlands remains very attractive for investors with strong market fundamentals continuing to underpin it. Growing demand for good and affordable housing is likely to continue into the foreseeable future. PATRIZIA as a reliable and strong partner is very much in the market to source new residential acquisition opportunities on behal
