Prelios sells German residential units for EUR 93m

By A staff reporter 2012-07-02T00:00:00

Italian listed property group Prelios said on Monday that its Resident Berlin 1P&K joint venture has signed a contract to sell 1,503 residential units to an unnamed German institutional investor. The transaction, totalling EUR 93 mln, generates a book gain of EUR 10 mln for Prelios, the company said.

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