PATRIZIA, an investment manager in global real assets, has invested more than €100 million ($118 million) into 237 rental apartments in southern Germany. Through two separate forward deals (acquisitions agreed during development), PATRIZIA gradually took over the new-build apartments, based in the greater Stuttgart area and spanning 21,500 square meters (231,400 square feet), and recently completed the portfolio acquisition.
“As a company, we have a track record of more than 40 years in the living sector and consistently implement our sector-specific investment strategy for residential properties,” said Torsten Bergner, head of investment management living DACH at PATRIZIA. “Whether long-term or short-term, forward deals enable us to secure sustainable residential assets in prime locations for our investors and further expand our presence in the living sector. The greater Stuttgart area is particularly promising due to its solid market fundamentals and structurally hi
