CR, Hatfield Philips and Summit Group to sell German property portfolio

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European financial advisory firm CR Investment Management (CR) announced the launch of a process for the sale of of  the DT 12 Portfolio consisting of 12 inner city properties in Germany on behalf of Summit Group in cooperation with Hatfield Philips International.

The properties are among others located in Düsseldorf, Mannheim and Potsdam offer the potential for conversion and development.

The properties are currently leased to Deutsche Telekom AG (GMG) for an annual rent of approximately €15.5 million.

Blair Lewis, Chief Executive Officer of Hatfield Philips, stated, “This is a value-add portfolio that is anchored by a very strong tenant in Deutsche Telekom AG. What makes this collection of assets even more interesting is the significant embedded asset management opportunities.”

The aggregate of the portfolio spans approximately 150,000 sqm., with 9 of the properties larger than 10,000 sqm. Potential buyers are asked to submit indicative bids by the 22nd October 2014 with the aim to complete transactions by the end of the year.


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Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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