German property investor Patrizia Immobilien has acquired a mixed-use portfolio in Hannover, Germany, from a private owner.
Financial details were not disclosed.
The portfolio consists of six properties from the 1950s and 1960s comprising a total rental space of 11,400 m2.
While 145 residential units comprise 80% of the portfolio, 20% is allocated for commercial space. The occupancy rate is 100%.