05 December 2017
Reporter: Stephanie Palmer

Dutch portfolio sold for €200 million

Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million.

The properties amounts to 1,728 homes in 30 municipalities in the country.

They were sold to a joint venture between Woonzorg Nederland and Amvest, which will create 1,306 rental homes for senior citizens, while retaining 422 standard residential properties.

According to Patrizia, an upswing in the Dutch housing market allowed it to optimise the portfolio, and the sale is in line with its strategy of focusing on only the most attractive Ditch cities.

Peter Helfrich, country head of Patrizia for the Netherlands, said: “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 manages more than €1.3 billion in investments in the Netherlands, spanning the residential and commercial sectors.

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