KUCERA has advised Coreo AG on the acquisition of twelve Value Add offices, residential and commercial properties from Commerzbank. The objects of the so-called “Hydra” portfolio are located in the city center locations of, inter alia, Frankfurt, Hanau, Darmstadt, Marburg, Giessen, Kiel and Trier. Other locations are Wetzlar, Bielefeld, Viersen, Werdohl and Flensburg. The former Commerzbank branches have a total rental space of more than 22,000 m².
Responsible for this transaction was KUCERA partner Jens Koch (Real Estate) together with the Associates David Fekadu (Real Estate) and Isabel Tannenberg (Tax). Read more…