PropertyEU

Sparkassen completes largest German purchase

By A staff reporter 2007-01-23T00:00:00

Austrian real estate investment and development company Sparkassen Immobilien has acquired a mixed-use property portfolio comprising 53 apartment buildings and the Berlin-Mitte tax office. The assets cover an area of 188,000 m[sup]2[/sup] and are distributed across Berlin. This is the company's largest acquisition in Germany, a market which represents 22% ...

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