Deutsche Bank sells 109 buildings for €300 million (DE)

Deutsche Bank, the major German bank, has sold real-estate assets for value of €300 million to the investing group Eurocastle Investment Limited. In whole, 109 offices and industrial ships, nowadays occupied by the own bank, and that add a surface of 300.000 m².

Deutsche Bank has foreseen to continue occupying these places, in rent. The buildings are located in different small and medium German cities. The operation is part of the German bank´s strategy of ' focusing on its principal business and optimizing the use of the spare capital ', as the company indicates in a press release. Already at the beginning of February, the entity sold real-estate funds for value of €943 million to a group of institutional European and American investors, and to private clients.

Source: Spanish Real Estate

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