German real estate firm Corpus Sireo, which has been put up for sale by its three savings bank owners, said it sold properties worth a total €1.1 bn last year, roughly matching its volume for 2012.
German real estate firm Corpus Sireo, which has been put up for sale by its three savings bank owners, said it sold properties worth a total €1.1 bn last year, roughly matching its volume for 2012.
The figure includes sales of client properties as well as those within the company's own portfolio. The bulk of the proceeds - €720 mln - came from residential sales, with a further €320 mln coming from sales of commercial property.
Corpus Sireo also let or extended lettings on 630,000 m2 of residential and commercial space, up fractionally on 2012.
CEO Ingo Hartlief said: ‘2013 was good for existing and also for new business. Overall, we have gained new asset management mandates and consultancy engagements worth approximately €2 bn.’
