The Scale-listed Noratis AG reports the expansion of the real estate portfolio. The company from Eschborn said on Monday that two residential buildings with a total of 36 residential units and a total rental area of 1,800 square meters were purchased in Bensheim, south of Darmstadt. The company does not provide any information about the purchase price for the properties in its company news today. The buildings were erected in 1992 and are in good condition, says Noratis, but the buildings have commercial and technical development potential.
“Since the beginning of the year we have already bought over 700 apartments, from Emden to the Upper Palatinate. We are also planning further acquisitions in the coming months, both in our home market Rhine-Main and in the rest of Germany. We also like to buy smaller real estate projects in locations where we are already represented, ”says Flaminia zu Salm-Salm, Head of Transaction Management at Noratis AG.
At a glance – chart and news: Noratis