Independent property and asset management company IC Immobilien Gruppe said it has sold 15 commercial properties in the German regions of Bavaria and Saxony on behalf of its EuroVal Immobilienbeteiligungs fund.
Financial details were not disclosed.
Prior to the sale, IC Immobilien Gruppe provided commercial, technical, property and letting management services. All of the properties were sold fully let.
The sale of a further 15 properties on behalf of EuroVal is planned for 2019.
IC Immobilien Gruppe currently manages more than €10 bn of assets across Germany.