Listed German residential landlord TAG Immobilien has acquired three housing portfolios comprising around 3,150 units for a combined €124.5 mln.

Listed German residential landlord TAG Immobilien has acquired three housing portfolios comprising around 3,150 units for a combined €124.5 mln.

The portfolios were acquired from Obligo Investment Management, which was advised by law firm Olswang. The assets are located across several federal states with most concentrated in the cities of Kiel and Itzehoe.

In separate transactions in mid-November, TAG also acquired a 550-unit housing portfolio in Görlitz for €12.9 mln and 300 apartments in Schwerin for €8.6 mln.

The deals follow on from two residential transactions totalling €49 mln which were sealed in September.