Immofinanz sells stake in Düsseldorf development

By A staff reporter 2011-12-12T00:00:00

Austrian listed property group Immofinanz has sold its 50% stake in the Andreas Quarter development project in Düsseldorf to an unnamed buyer. In a statement on Monday, the CEE developer-investor said the sale generated a return of 7% on a total investment of EUR 40 mln.

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