PropertyEU

HypoVereinsbank sells off offices

By A staff reporter 2006-12-13T00:00:00

HypoVereinsbank of Bavaria has sold a real estate portfolio of 86 properties to Vaerde Partners as part of HVB's strategic reorientation away from non-core activities. Nearly 60% of the 442,000 m[sup]2[/sup] commercial property portfolio consists of offices. Over 75% of the properties are in western Germany and Berlin. The financial ...

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