Sweden's Heimstaden purchases $109.3 mln Dutch residential complexes

07/05/2019 8:07:00 PM (GMT)

German real estate investment firm Patrizia has sold a portfolio of 18 Dutch residential complexes for 97.4 million euros ($109.3 million).

The assets, comprising of 772 residential units, are located in 12 different Dutch municipalities.

Patrizia divested the portfolio on behalf of a client to Swedish real estate investment firm Heimstaden.

Patrizia said that the deal fits into its ongoing strategy in the Netherlands to reposition its portfolio to focus on the most attractive Dutch cities.

Heimstaden Bostad AB

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