TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) and a large German pension fund, has sold a portfolio of nine office properties and one retail property to the European investment and asset management company Catalyst Capital for its Catalyst European Property Fund II (CEPF II). The sales price for the portfolio known as “Project 10” is approximately €200m.
The properties are located in the A-cities Stuttgart, Cologne, Düsseldorf, Munich and Frankfurt as well as in Bielefeld, Recklinghausen, Dortmund, Bremen and Essen. The portfolio comprises rental space totalling around 93,000m² and is distinguished by renowned tenants such as BMW, Bosch and Görtz. “After various portfolio transactions in recent months, we are delighted to have again successfully placed an attractive product on the market,” says Manuel DeVigili, Head of Investment Management at TRIUVA.
JLL, Drees & Sommer and Clifford Chance Düsseldorf advised the sellers. FPS, Crowe Horwath Frankfurt, PESCHLA+ROCHMES and K+S Haustechnik were engaged for the buyer.
