Patrizia Buys $154M Multifamily Portfolio

By remstaff & By Globe Street | June 25, 2010 at 11:26 AM

AUGSBURG, GERMANY-Research shows that some 5,000 new apartments are needed annually in Stuttgart and Düsseldorf on average to meet demand.

AUGSBURG, GERMANY-Locally-based listed residential investor Patrizia is paying about $154 million to acquire 508 apartments with floor space of nearly 538,000 square feet for its German special funds. This comprises apartments, residential properties under construction and project developments in D

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