IMW to acquire EUR 365 mln property portfolios

Berlin-based property company IMW Immobilien has signed a letter of intent for the acquisition of several property portfolios valued at EUR 365 mln from the Curacao-based Hofer 2 Corporation and its Amsterdam subsidiary Valbonne Real Estate. The portfolios consist of more than 7,200 residential and commercial units, with a total usable space of about 470,000 m2, in Berlin, Berlin-Hellersdorf, Halle and several cities in North Rhine-Westphalia. The annual rent income comes to EUR 25 mln.

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