Deutsche REIT AG (ISIN DE0005577001) has once again purchased 453 attractive residential properties. The properties are located mainly in Cologne, Wilhelmshaven and Essen. The actual annual rent amounts to around 2.15 million euros with a 94 percent occupancy rate. The properties will in future be managed and optimized by Deutsche REIT AG’s own asset management company.
The fragmented acquisition of residential property at favourable prices, the bundling and partial block sale thereof serve to strengthen internal financing power for the establishment of a high-yield residential property portfolio. This business model still proves to be very profitable and is subject to consistent expansion.
More attractive properties in Germany are currently in the final stages of examination prior to purchase.
The fragmented acquisition of residential property at favourable prices, the bundling and partial block sale thereof serve to strengthen internal financing power for the establishment of a high-yield residential property portfolio. This business model still proves to be very profitable and is subject to consistent expansion.
More attractive properties in Germany are currently in the final stages of examination prior to purchase.
