REIT Heimstaden buys Dutch residential complexes
Swedish real estate investment firm Heimstaden has acquired a portfolio of Dutch residential complexes from Patriza. The property sold for €97.4 million.
Patrizia sold the protfolio of 772 residential unit, located in 12 different Dutch municipalities, on behalf of a client. It acquired the portfolio in 2014 and has optimised the performance of the properties by active asset management to deliver increased value to its investors.
Emile Poort, head of transactions Benelux at Patrizia, said, “This transaction fits into our ongoing strategy in the Netherlands to reposition our portfolio to focus on the most attractive Dutch cities.”
Poort added, “The current strength of the residential market made this the optimum time to sell these assets and crystallise the value we have created through our active asset management programme while de-risking our residential portfolio and continuing to maximise returns for our investors.”
Fulya Altunyay/[email protected]