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S Immo has concluded contracts to sell a large portfolio consisting of 18 German commercial and one residential property with a total property transaction value of EUR 255 mln through separate share and asset deals.
This corresponds to a discount of roughly 9.5 pct on the book values as of 31 December 2023, which is primarily due to the fact that this is a portfolio deal.
The properties are located in Berlin, Erfurt, Halle, Hamburg, Leipzig, Potsdam and Rostock and comprise a total of around 145,000 sqm of lettable space. The sale will be…