IVG Immobilien has announced that it has sold 12 commercial properties with total office space of 50,000 m[sup]2[/sup] to British-based CIT Europe for a total of EUR 85 mln. Ten of the properties are located in Dresden and the others are in Berlin-Schönefeld and Dortmund.
IVG Immobilien has announced that it has sold 12 commercial properties with total office space of 50,000 m2 to British-based CIT Europe for a total of EUR 85 mln. Ten of the properties are located in Dresden and the others are in Berlin-Schönefeld and Dortmund.
IVG said the transaction was part of its continued focus on central sites in selected major European office locations. IVG Immobilien is a Germany-based real estate investment company that manages EUR 18 bn of assets. Real estate consultancy DTZ advised CIT Europe and IVG was advised by the law firm Clifford Chance.
