German fund manager ZBI Zentral Boden Immobilien (ZBI) has acquired a portfolio of 443 residential units for around €35 mln on behalf of its ninth Professional Fund.
German fund manager ZBI Zentral Boden Immobilien (ZBI) has acquired a portfolio of 443 residential units for around €35 mln on behalf of its ninth Professional Fund.
ZBI financed the deal from proceeds from its recent €40 mln fundraising.
The majority (70%) of the properties are located in Berlin.
Erlangen-based ZBI manages around 18,000 residential assets in Germany with a combined value of €1.4 bn.
