Patrizia has acquired a portfolio of 2,667 residential and 70 commercial units from HDI Gerling Lebensversicherung for about EUR 300 mln. The total net floor space in the portfolio adds up to around 195,000 m[sup]2[/sup]. The residential properties include a variety of complexes in top locations in western German conurbations.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
