PATRIZIA AG, the global partner for pan-European real estate investment, has acquired CityTwin, a newly built residential building in Breda, the Netherlands, on behalf of its institutional clients. Seller is HIG Invest Group.
The 5,300 sq m development offers 123 units across two buildings at affordable rents of between EUR 600 and EUR 1,000 pcm and was almost fully pre-let before completion due to strong occupier interest. CityTwin has been built to a high standard of sustainability with solar panels and an electric car share provision included in the designs.
Source : PATRIZIA