The portfolio comprises 22 properties across Germany--19 offices, two residential and a hotel-- totalling 3 million sf with an annual rent roll of €38 million ($34.5 million). The brokers are looking for bids for the portfolio as a whole or for any of five sub-portfolios each, with different investment characteristics.
The 19 office properties are all located in major cities and provide a range of investment returns. The hotel, located in the Rhein-Main area, is one of Germany's most historic and has recently been restored and modernised. The residential portfolio comprises two extensive residential complexes in Freiburg and Munich, offering a total of 785 residential units.
David Seddon, of Jones Lang LaSalle's European Capital Markets team, said: 'Portfolios of this size and quality very seldom become available in Germany, and in this instance are being offered in a formal tender process. We expect to generate serious interest from both German and international investors.'
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
