Ongoing sales of German commercial properties
During 2023, S IMMO AG has made meaningful progress on sales of commercial properties in Germany.
Most recently, S IMMO completed the sale (via a share deal) of a mixed-use property, Gohlis-Arkaden, in Leipzig. In total, nearly EUR 70m of commercial property sales, involving 11 properties, have been completed in 2023. S IMMO believes that commercial property sales can reach the target of EUR 200m by late 2023 or early 2024.
S IMMO has been advised in an advisory and brokerage capacity by NAIapollo/BBI-Immobilien, who have been exclusively mandated with the marketing of the commercial portfolio.
“In the current environment, market knowledge and investor access are extremely important,” said Herwig Teufelsdorfer, member of the S IMMO Management Board. “These successful transactions with NAIapollo/BBI-Immobilien are an important part of S IMMO’s disposal and reinvestment strategy.”