PATRIZIA acquires high-quality residential portfolio in Hannover

PATRIZIA Immobilien has acquired a residential portfolio comprising 145 apartments across six properties in Hannover for EUR 34 million from a private seller. The properties are fully let and situated in the highly sought-after city of Hannover, the capital of Lower Saxony. Three of the six properties are located close to Maschsee, the largest lake in Hannover. In total, the portfolio has a leasable area of more than 11,300 sqm comprising approximately 9,000 sqm of living space and over 2,000 sqm of commercial space.