In view of the currently favourable situation on the European real estate investment markets, IVG sold as planned two logistics properties covering 15,000 m² and one office property covering 10,300 m² in Madrid for € 40 million to GE Capital. IVG purchased the Spanish properties between 1998 and 2000.
IVG manages a real estate portfolio worth approximately € 6 billion and is currently developing a proportional project development volume of € 1 billion. IVG investments are focused on the major cities and growth centres in Europe.
Source: IVG