Dutch property fund Schild Duitsland Dusseldorf Vastgoed Fonds has sold two apartment complexes in Dusseldorf to German housing corporation Wohungsgenossenschaft Essen-Nord for a total EUR 18.3 mln. The Internal rate of Return (IRR) on the assets was 10.52% over a three-year period.
Dutch property fund Schild Duitsland Dusseldorf Vastgoed Fonds has sold two apartment complexes in Dusseldorf to German housing corporation Wohungsgenossenschaft Essen-Nord for a total EUR 18.3 mln. The Internal rate of Return (IRR) on the assets was 10.52% over a three-year period.
Schild Duitsland Düsseldorf Vastgoed Fonds is managed by Schild Holland Fonds, which offers private and institutional investors the opportunity of investing in property bonds.
The apartment blocks have been sold as part of Schild's strategy of further expanding the German portfolio of residential property fund Stichting Schild Duitsland Residentie Fonds.
