Colonia Real Estate AG acquired an apartment portfolio of 356 apartments in Bremen, Germany, from a municipal housing society, the company said today.

 

The purchase price was 6.7 million Euros, the company said, and the annual rental excluding utilities is 0.8 million Euros. The vacancy rate for the 356 apartments is less than 4 percent.

 

With today’s purchase and last week’s acquisition of 1,600 apartments in the Hamburg, Germany, area, Colonia Real Estate has acquired nearly 2,000 apartments through its wholly owned subsidiary CRE Wohnen GmbH.

 

Added to the 2,700 apartments purchased in July through another subsidiary, the recent acquisitions increased the group’s apartment property holdings to nearly 4,700 units over the past six months. The gross yield return of the entire holding is well above 10 percent, according to Colonia.

***

Send tips or a Letter to the Editor to janis@inman.com or call (510) 658-9252, ext. 140.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Create an Account
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Account Settings
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×