Patrizia has sold a €375m (£328m) portfolio of residential and commercial properties to Swedish resi company Heimstaden.
Emile Poort, head of transactions for Benelux at Patrizia, said the sale underlines the firm’s ability to “close strategic deals even in the current very challenging times for all of us”.
The portfolio comprises 2,023 residential and 60 other properties, mainly commercial, in 29 cities across the Netherlands.
Around 60% of the properties are in the urban area in and around Amsterdam and Rotterdam, known as the Randstad megalopolis.
Peter Helfrich, regional head for north-west Europe at Patrizia, added: “The residential sector in the Netherlands remains very attractive for investors, with strong market fundamentals continuing to underpin it.”
Last year Patrizia signed transactions across European real estate sectors totalling €9bn, an increase of more than 30% on 2018.
To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette
