Noratis AG is further extending its real estate portfolio in Northern Germany. Altogether 148 residential units with a total floor space of around 9,500 m- have been purchased at three locations in the metropolitan region of Hamburg. The seller was Berlin-based FFIRE Investment Nord GmbH & Co. KG; the transaction was accompanied by JLL Hamburg. Noratis intends to successively reduce the existing vacancies with the proven strategy of targeted investments which improve the residential value for the tenants and nonetheless maintain affordable living space. As a result, rental income and tenant satisfaction should continue to develop in the same positive way as at other locations of Noratis.