Novavest expands its portfolio
Novavest Real Estate AG acquires a portfolio of nine residential properties in the canton of Bern.
According to Novavest, four of the nine residential properties are located in Burgdorf, three in the municipality of Kirchberg and one each in Moosseedorf and Oberburg. The portfolio comprises 148 rental apartments with associated parking spaces and has a leasable area of around 12,400 sqm, it adds. All properties are centrally located, almost fully leased and in good and well-maintained condition. Public transport, various shopping facilities as well as kindergartens and schools can be reached within a few minutes' walk.
The transfers of ownership are scheduled to take place on December 14, 2018. Novavest did not provide details on the seller and the purchase price.
The real estate company further announces that the building permit for the new construction project Badenerstrasse 701 in Zurich has now been granted. The commercial property is to be converted into a residential property, and 53 apartments with 1.5 to 3.5 rooms and a total rentable area of around 3,300 sqm are planned. The apartments are to be ready for occupancy in the second quarter of 2021. (ah)