Austria: Immofinanz Group Acquires Berlin Residential Portfolio

Professional Services › Real Estate ♦ Published: April 22, 2013; 11:44 ♦ (Vindobona)

Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.

Austria: Immofinanz Group Acquires Berlin Residential Portfolio / Picture: © Immofinanz

This package covers 1,916 apartments with 126,233 sqm of rentable space in Berlin-Neukölln. The seller is Capricornus, the Germany real estate subsidiary of the Euréal Group. The parties have agreed not to reveal any information on the purchase price for the transaction. The acquisition is subject to the approval of the cartel authorities.

“The portfolio is in excellent…

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Immofinanz, Buwog, Germany, Real Estate Industry
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