Aareal Asset Management has increased its equity from EUR 150 mln to EUR 350 mln in the Aareal Eurologistics fund bringing the total investment capital of the fund to EUR 1 bn. The fund concentrates mainly on investment in Germany, and is also active in France, Spain, the Benelux, Italy and eastern Europe.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
