The asset and portfolio manager Domicil Real Estate AG has realized one of the largest acquisitions in the micro-apartment segment in Germany for the Danish pension fund PFA and its own portfolio.
The Munich-based company is purchasing a portfolio with a total of 13 properties and a gross investment volume of more than €252 million ($306 million). Twelve properties will be transferred to the PFA German real estate portfolio, which is managed by Domicil, and one residential building in Frankfurt is being purchased by Domicil for its own account. The seller of the 1,480 residential units with a leasable area of 42,000 square meters (452,000 square feet) and 426 car parking spaces is a fund issued by AviaRent Invest AG. The purchase is PFA’s first investment in the micro-apartment sector. Domicil Real Estate AG is the asset and portfolio manager for PFA in Germany.
The properties total 1,480 residential units and are centrally located in Frankfurt am Main, Hamburg, Di
