CORPUS SIREO Real Estate, Cologne / Germany, has sold 79 properties with a total rental space of around 85,000 square meters on behalf of Aberdeen Asset Management Deutschland AG. The properties are part of a fund and belong to the so-called “Drive Portfolio”. The transactions that have been carried out since the start of the mandate in 2015 are mostly smaller commercial buildings in B and C cities. These are largely rented to Commerzbank (formerly Dresdner Bank). The parties have agreed to not disclose the purchase prices.
Benjamin Schreiber, Account Manager at CORPUS SIREO Real Estate, says: "The nationwide sale of the properties was challenging because the assets were mostly part ownership or building lease was agreed. We are all the more pleased that we have been able to carry out the sales with Martin Wanick, the responsible fund manager at Aberdeen Asset Management, quickly and purposefully."
About CORPUS SIREO
CORPUS SIREO is a multi-disciplinary real estate service provider which has received numerous awards. The company operates as a fund and asset manager, investor and project developer in Germany and other European countries. It also acts as a co-investment partner for pan-European real estate investments. CORPUS SIREO employs approximately 530 staff at 11 locations in Germany and Luxembourg, and is an independent business unit of Swiss Life Asset Managers. With companies in Switzerland, France and Germany, Swiss Life Asset Managers manages real estate assets with a total value of more than 63 billion Euros (as of 30.06.2016).
Find out more: www.corpussireo.com
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