Housing group: Vonovia to buy in the Netherlands

The German real estate group Vonovia has acquired shares in the Dutch real estate investor Vesteda Residential Fund. With a participation of 2.6 percent, you ma

Housing group: Vonovia to buy in the Netherlands

The German real estate group Vonovia has acquired shares in the Dutch real estate investor Vesteda Residential Fund. With a participation of 2.6 percent, you make the first step in the Dutch residential real estate market, the company said on Friday in Bochum. The purchase price was not disclosed. Vesteda has about 27 000 residential units in the medium price segment in the Region of Randstad, including Amsterdam and Rotterdam, it was more.

The Netherlands according to the figures, in addition to Austria, Sweden and France, one of the four target markets for residential real estate of Vonovia outside of Germany. "Certainly, a share of 2.6 per cent is only a small step in the Dutch housing market. But we now have an ideal starting position when further opportunities arise,“ was the company's CEO Rolf Buch quoted in the statement.

Updated Date: 26 June 2020, 03:19

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