Erlangen/Berlin, Germany, 5 September 2022 – Having signed the purchase agreement, the ZBI Group can report another success on the acquisition side, underlining its role as Union Investment’s competence center for residential properties and continuing its successful path of growth.
The portfolio consists of twenty-six properties in Germany and eight properties in the Netherlands, with very good socio-eco-nomic growth prospects.
Most of the properties are located in Hesse, Lower Saxony, Hamburg and North Rhine-Westphalia. Seven of the eight Dutch properties are in the Randstad region, the economic and cultural hub of the Netherlands.
Hans-Peter Hesse, CIO of the ZBI Group, commented: „With around 4,000 rental units and a total area of some 256,000 m², the Erasmus portfolio makes a major contribution to performance for our clients and to the further growth of the ZBI Group.“
The parties agreed not to disclose the price of the transaction.
About the ZBI Zentral Boden Immobilien Group
Backed by more than 20 years’ experience in the residential property market, the ZBI Zentral Boden Immobilien Group is re-garded as a leading specialist for German residential real estate. The Erlangen-based issuing institution has been successfully designing real estate funds for private and institutional investors since 2002. The ZBI Group is aiming to strengthen participa-tion, a long-term outlook and commitment in the form of a new „value-based community“ for investments and residential pro-perty. The ZBI Group currently employs more than 850 people at 36 locations in Germany, Luxembourg and Vienna. At present, the group manages around 61,000 residential and commercial units. The transaction volume realized to date is around EUR eleven billion.