HIH Invest Real Estate GmbH, in partnership with German housing company Vonovia, has launched a second investment fund focused on residential real estate.
Similar to their initial joint fund launched in September 2024, HIH Invest holds a majority stake through a regulated AIF on behalf of institutional investors. Vonovia will manage the properties, while HIH Invest will oversee asset and fund management.
The fund has already acquired ten properties totaling €516 million in investment volume. This includes eight development and new-build properties, along with two existing properties undergoing modernization. The properties, acquired from Vonovia subsidiaries GSW and Buwog, comprise 127,000 square metres of total space, including 97,600 square metres of residential space and 8,700 square metres of commercial space. The portfolio also includes 928 parking spots and approximately 1,700 residential units, primarily two and three-bedroom apartments, alongside student and serviced apartments.
Source: propertyeu.info on the 6th of November, 2024
https://propertyeu.info/Nieuws/HIH-Invest-and-Vonovia-acquire-516m-residential-portfolio/f06cb643-c829-4283-b997-abf14f5a8688