Savills Investment Management’s European living fund has entered the German market with the acquisition of a multifamily property from Patrizia.
The fund has acquired a fully-let 118-unit rental property in Hamburg’s Tonndorf-Wandsbek district for an undisclosed sum, marking its entry into the German market and expanding its portfolio, which also includes assets in Spain, Sweden and the Netherlands.
The European Living Fund, launched in 2023, is a core open-ended fund focused on investing in residential rental assets that generate long-term, stable income and meet sustainability standards.
Source: IPE Real Assets, 9 April 2025
https://realassets.ipe.com/news/savills-european-living-fund-makes-german-debut-with-patrizia-deal/10129947.article