By Rachel Fixsen2020-12-15T16:33:00+00:00
PFA, Denmark’s second-biggest pension fund, has bought the majority of a portfolio of German micro-apartments from AviaRent Invest for more than €252m.
According to investment company Domicil Real Estate – which made the investment on behalf of PFA and invested in one of the properties itself – the transaction was one of the largest in the micro-apartment segment in Germany.
The portfolio contains 13 properties, 12 of which will be transferred to the PFA German real estate portfolio, managed by Domicil. One residential building in Frankfurt is being purchased by Domicil for its own account.
In all, the portfolio being sold by a fund issued by AviaRent Invest involves 1,480 residential units with 42,000sqm of leasable space and 426 parking spaces.
Domicil Real Estate erwirbt großes Mikroapartment-Portfolio finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.