Deutsche Hypo has financed the purchase of the Granite residential portfolio for a real-estate company managed by the Patrizia Group in the Netherlands. The loan amounts to € 68.6 mln and has a term of ten years.
'The residential market in the Netherlands is currently in excellent shape and its trend going forward looks positive,' said Andreas Pohl, chairman of the board of managing directors at Deutsche Hypo.
The portfolio comprises 29 residential properties with a total of 1,275 residential units at 23 locations in the Netherlands. The assets, mostly situated in cities such as Amsterdam, Zwolle and Dordrecht, have a combined area of 107,744 m2.
