German listed property company DIC Asset has sold the Villa Kennedy luxury hotel on Kennedyallee in Frankfurt to real estate investor Conren Land for a high double digit amount.
German listed property company DIC Asset has sold the Villa Kennedy luxury hotel on Kennedyallee in Frankfurt to real estate investor Conren Land for a high double digit amount.
German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.