Orco Germany takes control of GSG in Berlin

By A staff reporter 2007-06-12T00:00:00

Listed property company Orco Germany has finalised the acquisition of commercial property owner Gewerbesiedlungs-Gesellschaft (GSG) from IBB-Holding, a unit of Investitionbank Berlin, for EUR 400 mln. GSG is the largest provider of commercial property in the Germany capital, with a portfolio of 800,000 m[sup]2[/sup] of commercial and light industrial space.

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