Augsburg’s listed property firm Patrizia has purchased 567 apartments for about €126 million, Property Magazine International reports. The assets are located in Berlin/Potsdam, Bremen, Hannover and Hamburg.

The purchase will raise volumes contributed to €800 million and increase residential units managed to more than 4,000, adds Property Investor Europe. The company’s asset management arm Patrizia WohnInvest is responsible for five funds with a target investment of about €1.6 billion.

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