Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Germany's Commerz Grundbesitz Group, has signed the contract for the acquisition of three logistics properties in the North Rhine Westphalia region of Germany for about EUR 50 mln. The buildings are earmarked for the company's EURO Logistik 1 special property fund for institutional investors.
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.
