PropertyEU

ZBI sells mixed-use portfolio for EUR 420m

By A staff reporter 2007-08-09T00:00:00

Erlagen-based Zentral Boden Immobilien (ZBI), through its real estate funds Wohnungsfonds I, II and III, has sold about 6,000 houses and 400 commercial units to Citcor Residential Holding, which is a joint venture between Citigroup Property Investors (90%) and CorpusSireo (10%). The transaction price is between EUR 420 mln and ...

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