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 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
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
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