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 Dutch residential investor that focuses primarily on the mid-rental segment. Vesteda invests funds for institutional investors, such as pension funds and insurance companies. The portfolio consists of more than 27,000 residential units with a total value of 8 billion euro. Vesteda’s homes are mainly located in economically strong regions and core urban regions.