Commerz Real sells Cottbus mixed-use scheme (DE)

Commerz Real sells Cottbus mixed-use scheme (DE)
Commerz Real fund has sold commercial real estate portfolio near Cottbus to the energy provide envia Mitteldeutsche Energie AG. The assets include operating premises and administration building, as well as the adjoining warehouse. By doing so the company is exercising its right to acquire the property with a leasable area of approx. 9,700m² and which was built in 1998. The purchase price was not disclosed.

 

“With the sale of the property we are now liquidating this successful investment for our investors as scheduled,” commented Heiko Szczodrowski, Head of Asset Structuring Portfolio Management at Commerz Real. 

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