Immoeast, the Austrian property group, has announced its second significant acquisition this week, with the purchase of a office-retail property in Croatia for a total investment volume of EUR 40 mln. The property has a gross lettable area of 21,400 m[sup]2[/sup] and was bought together with Generali.
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.
