PropertyEU

German investor Harder buys 290,000 m[sup]2[/sup] Pfizer site in Karlsruhe

By A staff reporter 2009-05-14T00:00:00

German property investors Harder and Partners have bought pharmaceuticals firm Pfizer's premises in Karlsruhe for an undisclosed amount as part of a sale-and-leaseback deal which includes 200,000 m[sup]2[/sup] of industrial space and 90,000 m[sup]2[/sup] of derelict land. Pfizer will lease back the buildings and distribution space for an unspecified period.

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