CB Richard Ellis Strategic Partners Europe Fund III has acquired its first assets in Germany with the purchase of eight properties in Hamburg, Dusseldorf, Frankfurt and Munich. The portfolio comprises a total area of 69,000 m2, of which more than 60% is office space and around 20% is residential. The fund is managed by CB Richard Ellis Investors.
CB Richard Ellis Strategic Partners Europe Fund III has acquired its first assets in Germany with the purchase of eight properties in Hamburg, Dusseldorf, Frankfurt and Munich. The portfolio comprises a total area of 69,000 m2, of which more than 60% is office space and around 20% is residential. The fund is managed by CB Richard Ellis Investors.
In a statement, CBRE Investors said the transaction continues the fund's pan-European acquisition programme. The fund’s portfolio consists of buildings located in the large metropolitan areas of France, Belgium and the Netherlands. The fund was advised by the law firm CMS Hasche Sigle and the technical firm Dekra Umwelt.
