The real estate company Noratis reports an acquisition: The company is taking over a portfolio of 266 units from LEG Immobilien. The apartments are located in Ostwestfalen-Lippe and Cuxhaven; according to the company, they are spread over 35 residential buildings from 1962 to 1972 and have a total rental area of around 18,000 square meters.
“All properties are in a good micro-location. Noratis plans to further increase the attractiveness of the apartments in the coming years and thus reduce the current vacancy rate of approx. Continuously reduce by 12 percent, ”says Noratis. You want to invest in real estate and actively manage the portfolio.
Noratis does not provide any information on the purchase price.
“We have already opened up numerous new locations this year. With this purchase there are now two more. It goes without saying that we also want to continue growing at existing locations and can easily imagine further acquisitions in the East Westphalia-Lippe region, for example, ”says Flaminia zu Salm-Salm, Head of Transaction Management at Noratis AG.
Tomorrow, Tuesday, starting at 6.30 p.m., André Speth, CFO of Noratis AG, will answer questions from investors in an IR call from Mainvestor and 4investors. Participation in the presentation is free of charge for everyone. Here is the IR call with André Speth from Noratis.