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NAI apollo group Brokers Sale of Residential Property Portfolio

03/15/2016

NAI apollo group Brokers Sale of Residential Property Portfolio

 

The owner-managed real estate consultancy NAI apollo group has brokered the sale of the Gütersloh residential property portfolio to the special fund WERTGRUND Wohnen D. The investment volume amounts to approximately € 10 million. The nine buildings have total rental space of 11,700 sqm divided between a total of 173 residential units. Some of the residential space is state-subsidised.

“Our nationwide network in Germany enables us to broker attractive investments to suitable investors even outside A locations. We expect to see a growing number of major portfolio transactions in B and C cities, too, in light of the increasingly scarce supply,” comments Christof Scholl, a partner at NAI apollo group.

In the sale of the portfolio, NAI apollo group worked for a community of heirs including the developer who originally constructed the building.

WERTGRUND Immobilien AG launched its special fund WERTGRUND Wohnen D in May 2014. The fund invests exclusively in existing residential properties in Germany, focussing on locations with a positive demographic and economic outlook.

Source

NAI Global

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