Forte and Proprium buy 2,000 apartments in Dortmund and Bochum

12/03/2018

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.


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