Wiesbaden: Commerz Real divests office building
Commerz Real’s closed-end real estate fund CFB 49 has sold an office property at Lorenz-Schott-Straße 4 in Wiesbaden’s Mainz-Kastel district to a special purpose company of Immo Raising. Built in 1994, the asset consists of 8,500 sqm of lettable space, an underground parking garage with 119 spaces, and 68 outdoor parking spaces. The CFB 49 fund has a volume of around €20.5mn, around €4.7mn of which is equity capital. It was established in 1994 as a leasing fund and is now being dissolved following the sale of the real estate.
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