IVG Immobilien has announced that it has sold 12 commercial properties with total office space of 50,000 m[sup]2[/sup] to British-based CIT Europe for a total of EUR 85 mln. Ten of the properties are located in Dresden and the others are in Berlin-Schönefeld and Dortmund.
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.
