MUNICH - Doubts have been cast on the value of a new system which aims to provide investors with a ranking of German cities. The scheme is the brainchild of the German association of public banks (VÖB), which compiled data from around 12,500 municipalities across the country to produce a set of performance indicators for each area.
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.
