Two subsidiaries of Berlin-based property company IMW Immobilien have sold five properties located in Hamburg and Hanover to Pat Roffice Real Estate. The properties comprise 27 commercial units and 26 residential units with more than 12,000 m[sup]2[/sup] of space, of which about 9,230 m[sup]2[/sup] are office space. The transaction value comes to EUR17 mln. The properties belonged to the Falcon Crest portfolio, which IMW bought in 2006. More than 90 % of the space is let for a long-term period.
Two subsidiaries of Berlin-based property company IMW Immobilien have sold five properties located in Hamburg and Hanover to Pat Roffice Real Estate. The properties comprise 27 commercial units and 26 residential units with more than 12,000 m2 of space, of which about 9,230 m2 are office space. The transaction value comes to EUR17 mln. The properties belonged to the Falcon Crest portfolio, which IMW bought in 2006. More than 90 % of the space is let for a long-term period.
