Staff
The real estate subsidiary of the Caisse de dépôt et placement du Québec, Ivanhoé Cambridge, has agreed to sell a property in Munich to German real estate investment company Deka Immobilien for €257 million ($375.7 million).
The Theresie complex includes six buildings covering a total area of approximately 70,000 square metres.
Five of the buildings are used mostly for office use, with some retail stores on the lobby floor, while the sixth building is used for residential purposes.
The complex was built in 2003 and has 40 commercial tenants. The buildings are fully leased and located in the centre of downtown Munich.
Last year, Ivanhoé Cambridge sold an office building in Paris to Deka Immobilien.
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