Frankfurt's Equal Real Estate has sold its ImmoFund 1 closed-ended fund for EUR 15 mln to Eurocastle Investment. The fund's portfolio comprises five properties in Dortmund, Iserlohn, Lubeck and Wittingen, Germany’s Immobilien Zeitung reported. Eurocastle, part of the Fortress Investment Group, is a closed-ended investment company that mainly invests in and manages German commercial real estate assets.
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.
