Munich-based IC Real Estate Group has merged with PropertyOne, the asset and property manager with an international clientele. The company is in charge of a commercial property portfolio located throughout Germany which is jointly owned by Cerberus. The financial basis of the merger is an in-kind investment in return for an increase in capital. As a result, PropertyOne's shareholders will receive a 7% stake in IC Immobilien Holding.
This part of PropertyEU's website is a subscription-only service. At this moment you don't have access to this article. Subscribers can read the full article by clicking a link from our newsletter.