The acquisition of the GBW residential portfolio in Bavaria by a consortium led by Patrizia Immobilien has been dubbed the deal of the year in Germany.
The acquisition of the GBW residential portfolio in Bavaria by a consortium led by Patrizia Immobilien has been dubbed the deal of the year in Germany.
In one fell swoop, Patrizia Immobilien has secured a top position in PropertyEU’s ranking of leading investors over 2013 with its €2.4 bn acquisition of GBW’s residential portfolio in early April. The annual ranking will not be drawn up until early 2014 but it is unlikely that there will be any more single portfolio deals across Europe of such a large volume.
In any case, the acquisition is already now the largest in the German housing market since 2008 and will continue to claim that title for some time to come, local market watchers say.
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