TD News International
Forte and Proprium buy 2,000 apartments in Dortmund and Bochum
Forte Group and a fund administered by Proprium Capital Partners have jointly acquired a residential portfolio in North Rhine-Westphalia. According to a release, the package includes about 2,000 residential and commercial units, mostly larger housing complexes in good districts of Dortmund and Bochum. Total lettable floor space is about 130,000 sqm. The seller is a US group of investors. The buyers state they now plan targeted investments in the purchased properties. Since October 2016, Forte and Proprium have accumulated a portfolio of roughly 4.600 apartments in North Rhine-Westphalia and northern Germany.
Subscribers to our premium service have access to this article in full as well as to an additional 450,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.