Colonial Real Estate has taken a first stake of 4.8% in OCM German Real Estate Holding, the 100% owner of the EUR 1.1 bn Hercules real estate portfolio. Colonial acquired the interest through its subsidiary CRE German Office and it said it plans further acquisitions.
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.
