Equal sells fund to Eurocastle

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.

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