Commerz Real fund sells office property in Wiesbaden

Real estate firm Immo Raising has acquired an office in Weisbaden from Commerz Real through a special purpose vehicle. 

Financial details were not disclosed.

The asset was the only property in Commerz Real's closed-end real estate fund CFB 49, which represented a total volume of around €20.5 mln, including €4.7 mln of equity.

The fund will now be liquidated following the sale.

Erected in 1994, the office building at Lorenz-Schott-Strasse 4 encompasses a rentable area of more than 8,500 m2 as well as an underground car park with 119 parking spaces and 68 off-site parking spaces.


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