Berlin-based IMW Immobilien said it has negotiated contracts worth a total EUR 220 mln for the sale of 30 residential and commercial properties to an unnamed buyer. The contracts relate to properties in Hamburg as well as all IMW's shares in the Prima portfolio (94.54 %).
Berlin-based IMW Immobilien said it has negotiated contracts worth a total EUR 220 mln for the sale of 30 residential and commercial properties to an unnamed buyer. The contracts relate to properties in Hamburg as well as all IMW's shares in the Prima portfolio (94.54 %).
The properties offer total rental space of some 286,000 m2.
IMW Immobilien announced in May that it was in negotiations to sell a EUR 230 mln portfolio after it unveiled a loss of EUR 160-170 mln in the year running to end-March 2009. The loss compares to a profit of EUR 32 mln a year before.
