Vonovia acquires a 2.6% stake in Vesteda
Vonovia SE, the largest residential company in Europe, acquires through a wholly owned subsidiary a 2.6% stake in Vesteda Residential Fund (“Vesteda”), the largest commercial residential fund in the Netherlands.
The planned closing date is 30 June 2020.
Vesteda is a residential investor and landlord that focuses on sustainable and affordable homes in the mid rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of nearly 28,000 residential units with a total value of 9 billion euro. The homes are mainly located in economically strong regions and core urban areas in the Netherlands.