Berlin: Wohnbau buys 670 rental apartments


Wohnbau GmbH of Bonn has acquired 670 residential units and seven commercial units in Berlin. The properties of the so-called Carus portfolio are divided over seven locations within the city and were built as part of subsidized housing programs, most of them after 1996. Transfer of ownership was on 1 March. The transaction was structured and carried out by majority shareholder Caristo Management. A Caristo subsidiary managed the sold properties in recent years.

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