Deutsche Reit sells German portfolio for EUR 27 m

By A staff reporter 2007-08-23T00:00:00+01:00

German real estate company Deutsche Reit has sold a commercial portfolio in Germany to an unnamed institutional investor. The portfolio includes a logistics building in Heinsberg, and a wholesale property in Werl. The assets provide a total leasable area of 63,360 m[sup]2[/sup]. The transaction price is EUR 27 mln, German newspaper Immobilien Zeitung reported.

German real estate company Deutsche Reit has sold a commercial portfolio in Germany to an unnamed institutional investor. The portfolio includes a logistics building in Heinsberg, and a wholesale property in Werl. The assets provide a total leasable area of 63,360 m². The transaction price is EUR 27 mln, German newspaper Immobilien Zeitung reported.