PropertyEU

Immofinanz sells Hamburg high-street property

By A staff reporter 2011-02-10T00:00:00

Austria's Immofinanz Group has announced the sale of its A1 high-street retail property in Hamburg, Germany to Aachener Grundvermögen Kapitalanlagegesellschaft. Although the companies agreed not to disclose the transaction value, Immofinanz said the price substantially exceeded the property's carrying value.

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