The office portfolio Xanadu held in a CMBS securitization was sold to a private equity fund at the end of December 2012.
The portfolio includes seven office buildings in Berlin, Cologne, Düsseldorf, Hamburg, Karlsruhe, Landshut and Münster with a total floor area of approx. 160,000 m².
The purchase price is up to 180 million depending on the final structure of the sale. The leading international real estate advisor Savills advised the vendor on the structured selling process.