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.