Immofinanz: New Project in Cologne

Published: September 6, 2012; 19:21 · (Vindobona)

The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.

Immofinanz: New Project in Cologne / Picture: © Flickr

The partners agreed on dissolving the joint venture company for strategic reasons, Immofinanz said.The sales price was not disclosed. The remaining investments reach about € 213m.

Immofinanz CEO Eaduard Zehetner: „Our strategy is to sell or take over not wholly-owned interests. As a result, we welcome the decision of our partner to sell the stake in Gerling Quartier after the…

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