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Commerz Real Buys Residential Complex In Berlin For Special Fund | News | Ipe Ra

by realassets.ipe.com posted 11months ago 50 views
The manager has acquired a student and apartment building from Ansorg Development. : Commerz Real’s capital management business has bought a residential complex in Berlin for its open-ended special real estate fund The manager said, through a forward funding deal, it has acquired a student and apartment building in Berlin-Friedrichshain for Commerz Real Institutional Smart Living Europe Fund from Ansorg Development. Commerz Real has initially bought the plot of land with an obligation to build and then gradually pays for the real estate in line with construction progress. Financial details were undisclosed.

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