IVG Immobilien AG sells three properties in Madrid

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

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