BR-NAS German Mittelstand Properties bought the assets for €30m. :
BR-NAS, the joint venture between property investors BlueRock and NAS, has bought two office buildings in Germany for €30m. BR-NAS German Mittelstand Properties said it acquired an office property with substantial upside and repositioning potential in the vicinity of Düsseldorf and a core-plus property with long-term leases in Essen. Marco Lüder, a managing partner at NAS Real, said “Our good access to sellers enabled us to secure properties that fit our investment strategy perfectly.