- Seller is Phoenix Spree Deutschland
- 34 residential and commercial buildings in Bremen, Hanover, Hildesheim, Verden, Delmenhorst, Kiel, Oldenburg, Lüneburg and Lübeck
- Buyer is BUWOG AG
Hamburg, 31 January 2018 – Engel & Völkers Investment Consulting GmbH (EVIC) has successfully supported the sale of a housing portfolio. Phoenix Spree Deutschland, an investor listed on the London Stock Exchange that specialises in residential property, is selling 34 residential and commercial buildings with space totalling around 41,000 square metres to BUWOG AG in a structured bidding process. The properties with 720 residential and commercial units are located in various regions of northern Germany, including Bremen, Hanover, Hildesheim, Verden, Delmenhorst, Kiel, Oldenburg, Lüneburg and Lübeck. EVIC prepared the transaction as a structured bidding process and subsequently carried out the sale process.
“Engel & Völkers impressed us with its high quality of preparation and a very structured approach in the process. The sales result it achieved exceeded our expectations,” comments Jörg Schwagenscheidt, Managing Director of PMM Partners Germany.
“Supporting and executing supra-regional portfolio transactions is one of our core competencies. In doing so, we benefit from the nationwide Engel & Völkers network with local market expertise that we pass on as a package to our institutional customers,” says Andreas Ewald, Managing Director of EVIC.
The sellers were also advised by PMM Partners Germany GmbH, the lawyers Mittelstein & Partner and tax consultants from Baker Tilly.
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Engel & Völkers
Licence Partner Investment Consulting
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Taunusanlage 1860311 FrankfurtGermany