trending Market Intelligence /marketintelligence/en/news-insights/trending/0q7Dmv4tK_NACrc_uOOefw2 content esgSubNav
In This List

Momeni Immobilien sells German mixed-use project for €140M

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Momeni Immobilien sells German mixed-use project for €140M

German real estate developer Momeni Immobilien Holding GmbH divested for €140 million the Wallarkaden office-and-retail project in Cologne, Germany, to a group of local pension funds under a forward-sale deal, Property Investor Europe reported.

The Aerzteversorgung Niedersachsen, Sachsen-Anhalt, Mecklenburg-Vorpommern, Tieraerzteversorgung Niedersachsen and Steuerberaterversorgung Niedersachsen pension funds were the buyers of the property, the news outlet added, citing a release by Momeni.

The eight-story project will offer about 20,000 square meters of gross floor area in the city's central business district upon completion by 2021, PIE reported.