Reit Asset Management Munich has sold a mixed portfolio of 67 properties to Australian investor Multiplex European Property Fund for about EUR 355 mln. The properties are predominantly located in medium-sized town in western Germany. The company still holds property assets valued at some EUR 900 mln and it plans to grow this to EUR 1 bn before the end of the year.
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.
