Patrizia Immobilien AG has sold a 61-property residential portfolio in the Netherlands for €200m. 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 €1.3bn in investments across the residential and commercial sectors.
