Immofinanz Group Acquires Office Development Project in Düsseldorf

Published: April 26, 2012; 11:42 · (Vindobona)

The Austrian Group announces the acquisition of the remaining 50% stake in the Panta Rhei, a planned office development project in Düsseldorf, from the co-owner Frankonia Group.

Immofinanz Group Acquires Office Development Project in Düsseldorf / Picture: © Vindobona.org

The office development project was originally planned as a 50:50 joint venture, but Immofinanz Group has decided in favour of a full takeover. The parties have agreed not to reveal any information on the purchase price.

“Our real estate machine is running smoothly – and the purchase of the remaining stake in the Panta Rhei is a perfect example.…

This article includes a total of 251 words.

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