Zublin Immobilien Holding has announced that its subsidiary in Germany had concluded the sale of its 4,900m[sup]2[/sup] fully-let retail property in Tuttlingen. The buyer and the sales price were not disclosed, but Zublin said the transaction volume was in line with the property's IFRS fair value at end-March 2009.
Zublin Immobilien Holding has announced that its subsidiary in Germany had concluded the sale of its 4,900m2 fully-let retail property in Tuttlingen. The buyer and the sales price were not disclosed, but Zublin said the transaction volume was in line with the property's IFRS fair value at end-March 2009.
The company said the sale of the property was consistent with the strategy to concentrate its investment holdings on energy efficient office properties in a few selected cities in Switzerland, France and Germany.
The Zublin Group invests in energy efficient office properties in top locations. Zublin's core markets are Switzerland, France and Germany. The company's portfolio comprises 74 investment properties with a market value of CHF 1.5 bn (EUR 989 mln).
