Helical has exchanged contracts to sell the Powerhouse portfolio comprising three Manchester office assets, to real estate funds managed by Pictet Alternative Advisors and XLB Property Limited, for a gross sale price of £119 mln (€133 mln).
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.
