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GE Buys 18 Office Assets in Germany for $185M

FRANKFURT-Twelve of the buildings in the 950,000-sf portfolio are located in Berlin, Dusseldorf, Frankfurt, Hamburg, Köln and Munich.

By Brian K. Miller | Updated on December 13, 2006

FRANKFURT-GE Real Estate Germany has acquired an 18-building, 947,224-sf office portfolio for $184.83 million (euros 140 million). The seller was HDI-Gerling Lebensversicherung AG, the insurance company acquired by the Talanx earlier this year.

The buildings are spread throughout West Germany. Twelve of the buildings are located in the top seven business districts: Berlin, Dusseldorf, Frankfurt, Hamburg, Köln and Munich.

The portfolio’s overall occupancy was not available. GE Real Estate has not yet responded to a Wednesday request for that and other details about the portfolio, such as the location and size of each of the building and a list of their largest tenants.

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