CommerzLeasing und Immobilien has won the auction for the Hessen portfolio (DE)

CommerzLeasing und Immobilien, a unit of Germany's Commerzbank, has won the auction for the Hessen portfolio, EuroProperty reports in its forthcoming November edition.

CommerzLeasing paid between €1bn and €1.1 bln for the portfolio, sources familiar with the situation told EuroProperty. Last week, Hessen's finance minister said he expected to raise at least €1.03 bln for the portfolio. Originally, the state of Hessen expected to get €800 mln for the portfolio, which includes the Frankfurt police station and the interior ministry of Wiesbaden. The portfolio had attracted a wide range of international bidders.

Source: EuroProperty

Related News