German property company Deka Immobilien Investment is planning to re-launch the sales process for a package of real estate assets, including the Hannibal portfolio, after an attempted sale fell through last February. Franz Lucien Moersdorf of Deka management board told German newspaper Immobilien Zeitung that the real estate assets will be put up for sale together with another five properties. Deka agreed to sell the 14 assets in the Hannibal portfolio last December but the sale was halted two months later.
German property company Deka Immobilien Investment is planning to re-launch the sales process for a package of real estate assets, including the Hannibal portfolio, after an attempted sale fell through last February. Franz Lucien Moersdorf of Deka management board told German newspaper Immobilien Zeitung that the real estate assets will be put up for sale together with another five properties. Deka agreed to sell the 14 assets in the Hannibal portfolio last December but the sale was halted two months later.
The properties are worth about EUR 550 mln and are to be offered in four separate portfolios with assets in the regions Berlin, Frankfurt/Main, Hamburg and Rhine Ruhr. International consultant Atisreal has been appointed to market the buildings. Moersdorf told the paper that he hopes to complete the sale by the end of the year.