Most of the 32 transactions in total relate to retail properties in B and C cities that were sold by CORPUS SIREO on behalf of the US financial investor Cerberus and its affiliated companies.
- 32 individual sales throughout Germany
- Focus: retail properties in B and C cities
In addition to 19 properties that are let to the Woolworth retail chain, they also include prominent properties such as the Brückenforum with 6,900m² of rental space on Kennedyallee in Bonn and an inner-city retail center with an adjacent medical centre with some 20,500m² of rental space on Rundestrasse/Raschplatz in Hanover. The parties have agreed not to disclose the purchase prices in each case.
Marcus Veit and Benjamin Schreiber, mandate managers at CORPUS SIREO, comment: “Since 2011, we have been supporting our client Cerberus on an ongoing partnership basis with targeted property sales. In over 150 individual transactions, the goals set out in the business plans were successfully implemented and properties with a total volume of more than half a billion euros were placed on the market very well for Cerberus. Particularly in difficult sub-markets, including B and C locations, we demonstrated our expertise by making use of our ten branches throughout Germany.”
