Holland Immo Group has agreed the sale of a portfolio of German retail assets to Swiss asset manager UBS, acting on behalf of a German pension fund, for €132 mln.
Holland Immo Group has agreed the sale of a portfolio of German retail assets to Swiss asset manager UBS, acting on behalf of a German pension fund, for €132 mln.
The properties were owned by six of Holland Immo Group's funds. They consist of a total of 20 inner-city food retail units bought by the funds between 2010 and 2012 from three separate developers. They are located in western Germany and in Berlin.
Following the sale Holland Immo Group manages €610 mln of assets.
