German listed property company Estavis has acquired a portfolio of 4,300 residential units throughout Germany.
German listed property company Estavis has acquired a portfolio of 4,300 residential units throughout Germany.
The investment volume comes to €160 mln.
The 284,000 m2 portfolio includes units in Bavaria, Berlin, North Rhine-Westphalia, Saxony, and Saxony-Anhalt and generates a net annual rent of €13.6 mln.
Around 3,300 units are earmarked for long-term ownership and management by Estavis, while the rest are to be sold as condominiums.
