Syntrus Achmea acquires 390 apartments in Germany for Dutch pension fund

Syntrus Achmea Real Estate & Finance has purchased 390 apartments in Rosenheim (Bavaria) for one of its clients, a Dutch pension fund. As a result, the fund is expanding its housing portfolio in Germany.

The apartments, built in the 1950s and 1980s, are spread out over four locations in the city, three of which are very near the historic city centre. The apartments will be renovated and modernised in the coming years, including the addition of new outdoor spaces.

“We are delighted that we have again been able to expand the German housing portfolio for our client,” says Casper Hesp, Director Investment Management at Syntrus Achmea. “In recent years, we have achieved excellent returns for this client.”

In the leading GRESB benchmark, which measures the performance of funds in terms of sustainability, the German housing portfolio ranked first in its category last year. Compared to 2019, the portfolio scored more than 14 percent higher.

Syntrus Achmea manages a total of 1.1 billion euros in international real estate for its clients. This is done both through direct portfolios in France and Germany and through externally managed funds. The daily management of the portfolio in Germany has been outsourced to asset manager DeWAG.

The transaction in Rosenheim was supervised by JLL Munich.