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Arsago sells 390 Dresden apartments to Deutsche Wohnen

Arsago Real Estate has sold 389 apartments and 48 retail units in Dresen to Deutsche Wohnen as part of an asset deal. According to a report, the 19 properties are located in good to very good urban locations ad comprise 31,331 sqm of space. Arsago had bought the properties individually. The sale enabled “a clear double-digit return on equity for our long-term investors”, said Roman Krulich, Managing Partner for Arsago. Arsago had previously sold 1,900 Dresden apartments to Deutsche Wohnen in 2013.

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