Deutsche Bahn announced on Tuesday that it is selling 490 train station buildings to a consortium consisting of London-based Patron Capital and Hamburg property firm Procom Invest. No financial details were disclosed.
Deutsche Bahn announced on Tuesday that it is selling 490 train station buildings to a consortium consisting of London-based Patron Capital and Hamburg property firm Procom Invest. No financial details were disclosed.
The German rail company sold 500 train station buildings to First Rail Property in 2001. But First Rail subsequently became insolvent and sold the buildings to Patron Capital and Procom Invest. Deutsche Bahn said that in both cases the properties were first offered to the respective municipalities.
Deutsche Bahn said it no longer needed the buildings to operate the passenger railway traffic. It will continue to own the train platforms, access to the railway tracks and the train station sites. 'The optimisation of our real estate portfolio through the sale of non-strategic assets has been a strategic goal for Deutsche Bahn for years', executive Rolf Reh said.
