BERLIN-CORESTATE Capital has sold a residential and commercial real estate portfolio in Germany to two separate buyers for more than EUR 100 million. An AIM-listed property company, which focuses on Berlin, and a German closed-ended fund purchased the properties from CORESTATE.
The portfolio contains 1,250 residential and commercial units. The properties are located all through the city of Berlin. After taking over the portfolio, CORESTATE repositioned the properties through an active asset management program and targeted capital expenditure. For the full story, go to Europe Real Estate .
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