Hamburg-based Union Investment Real Estate and residential specialist Zentral Boden Immobilien (ZBI) have acquired a further €200 mln of assets for their joint German residential fund.
Two portfolios in Ruhr region and Dessau add a further 3,053 residential and commercial units to Unilmmo: Wohnen ZBI.
The largest portion of the new acquisitions consists of 2,000 residential and commercial units located in the Ruhr region, specifically in the cities of Duisburg, Essen, Mülheim/Ruhr and Oberhausen.
Unilmmo: Wohnen ZBI has additionally acquired a residential complex in the eastern city of Dessau consisting of 170 units and some 10,000 m2 of rental space. The latter transaction was brokered by Aengevelt Magdeburg.
A sub-portfolio of 887 residential and business units with a focus on North Rhine-Westphalia worth approximately €44 mln accounts for the rest of the assets added to the fund. The bulk of this real estate package was transferred to fund holdings at the beginning of August, when Unilmmo: Wohnen ZBI was launched.
Unilmmo: Wohnen ZBI now owns assets with a total value of €445 mln.
