Markets.News
European Residential Real Estate Investment Trust, also known as ERES, has officially closed on the sale of entities holding 1,446 residential suites in the Netherlands. The deal, which is subject to standard notary procedures, resulted in total proceeds of about €336 million after adjusting for deferred taxes and other factors. Furthermore, ERES has finalized the sale of its commercial properties in Brussels, Belgium, and Landshut, Germany, generating aggregate gross earnings of approximately €31 million. These transactions, collectively referred to as the "Closed Dispositions," were detailed in press releases dated April 2, 2025, and July 31, 2025. Notably, all figures provided exclude standard transaction expenses and other adjustments.