The transaction, valued at over €100 million, was executed through two agreements and forms part of the company’s strategy to expand its living sector portfolio, which has a total value of €19 billion.
The properties are located in the Nürtingen and Ostfildern areas and cover a total area of 21,500 m², situated in one of Germany’s most resilient residential markets. The greater Stuttgart region is characterized by strong employment, particularly in the automotive and technology sectors, which has historically supported consistent demand for modern rental housing.
The use of forward deal structures allowed Patrizia to “lock in” the investments during the development phase—a practice that is gaining traction among institutional investors in supply-constrained markets, as it provides predictable returns prior to project completion.
The larger of the two projects, Neckarpark Nürtingen on Stuttgarter Straße, comprises 155 apartments totaling 14,140 m² and was developed by BPD. Located next to the Neckar River, the complex includes 23 social housing units, 161 underground parking spaces, and rooftop photovoltaic systems, enhancing its environmental profile.
The second property, Stadteingang Ostfildern at Danzigerstraße 5–9, consists of 82 apartments totaling 7,441 m², offering unobstructed views of Esslingen and Stuttgart, and was developed by HKPE.
