UK property fund management group Matrix, on behalf of its Matrix German Portfolio No. 1 fund, has reportedly sold the York-Center building in the German state of Munster for close to EUR 28 mln. According to reports in several German publications, the complex has been acquired by a fund managed by a Swiss bank. The property comprises around 15,000 m[sup]2[/sup] of space of which 10,000 m[sup]2[/sup] is retail and the rest residential. The property is mostly leased to Saturn, Drogeriemarkt and Tengelmann. The seller was represented by DTZ, while Savills acted for the buyer.
UK property fund management group Matrix, on behalf of its Matrix German Portfolio No. 1 fund, has reportedly sold the York-Center building in the German state of Munster for close to EUR 28 mln. According to reports in several German publications, the complex has been acquired by a fund managed by a Swiss bank. The property comprises around 15,000 m2 of space of which 10,000 m2 is retail and the rest residential. The property is mostly leased to Saturn, Drogeriemarkt and Tengelmann. The seller was represented by DTZ, while Savills acted for the buyer.
