Patrizia buys Dutch residential complex in off-market deal
German investor Patrizia has acquired a residential complex in the northern Dutch university city of Groningen in an offmarket, forward-funding deal from developer Borghese Real Estate. The 13.159 sqm scheme, known as The Yard, comprises 160 apartments in the mid-range affordable rental segment, ranging in size between 50 sqm and 115 sqm. The complex is located in the Reitdiepzone, a new residential district emerging to the northwest of the city centre near Groningen University’s Zernike campus. It is scheduled for...