Xanadu office portfolio sold to private equity fund for €180 Million (DE)

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.

Source: Savills

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