HIH and Vonovia expand German residential partnership with €516m deal

Nov 06, 2024•about 1 year ago

Contract Type

partnership

Real Estate InvestmentReal Estate

Description

HIH Invest Real Estate has created a second partnership with listed German housing company Vonovia and acquired a €516m portfolio of 10 properties, including a student apartment block and serviced apartments. This follows the firms' recent partnership to acquire 14 properties in Germany worth €630m for a new residential real estate fund.

Company Information

Company

HIH Invest Real Estate and Vonovia

About

HIH Invest Real Estate is a real estate investment management company, while Vonovia is a listed German housing company.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months