Deutsche Hypo finances the purchase of the “Granite” residential portfolio for a real-estate company managed by the PATRIZIA Group in the Netherlands. The financing volume amounts to €68.6m and has a term of ten years.
The strongly diversified portfolio comprises 29 residential properties with a total of 1,275 residential units at 23 locations in the Netherlands. The properties, with a total useful area of 107,744m², are predominantly located in cities such as Amsterdam, Zwolle and Dordrecht.
“We are delighted to be able to expand our strong partnership with PATRIZIA with this financing initiative and to extend our well-positioned real estate portfolio in the Netherlands,” explained Andreas Pohl, Chairman of the Board of Managing Directors at Deutsche Hypo. “The residential market in the Netherlands is currently in excellent shape and its trend going forward looks positive. We will continue to profit from this thanks to our track record and our strong position in our core market of the Netherlands.”