Friday 01 July 2022

Germany’s Patrizia buys more Dutch rental homes

Photo: Depositphotos.com

Photo: Depositphotos.com

German property investment group Patrizia has bought a portfolio of 1,275 Dutch rental properties for €152.5m from private landlord Holland Immo Group.

The deal is the biggest in the Dutch rental market for 1.5 years and involves property in Amsterdam, Zwolle, Dordrecht and Den Bosch.

Research by property information service Capital Value earlier this year showed foreign and Dutch investors have some €5.5bn available to invest in the Dutch rental property market.

The research also showed the demand for rental homes in the Netherlands far outstrips supply and the trend is worsening. In particular, there is a major shortage of homes costing between €710 and €1,000 a month – just over the limit for the rent-controlled housing sector.

In July 2014, Patrizia bought 5,500 homes from housing corporation Vestia for €577m. Patrizia Netherlands now has around €1.1bn of assets under management, the company said in a statement.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.