Berggruen acquires Berlin portfolio for EUR 130m

Berlin-based IMW Immobilien has signed a contract to sell a portfolio of 24 properties to Nicolas Berggruen, the billionaire owner of the bulk of Karstadt chain of department stores in Germany, for about EUR 130 mln. The sales agreement between IMW and Nicolas Berggruen Berlin Holdings involves all of the Berlin assets of IMW's Falcon Crest portfolio.

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