Frankfurt-based DIC Group has acquired the 'Primo 3' portfolio from the City of Hamburg in a deal with a total investment volume of EUR 205 mln. The portfolio consists of 52 commercial properties with a total floor space of around 176,000 m[sup]2[/sup]. The transaction is subject to the approval of the Senate and the Parliament of the Free and Hanseatic City of Hamburg.
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.
