A family office based in Northern Germany has acquired a property portfolio in Dresden from RCM Beteiligungs AG and its subsidiary SM Capital AG.
The purchase comprises more than 200 units in Dresden and the surrounding area, totalling in excess of 16,000 square metres of space used primarily for residential purposes. The purchase price is EUR12.5 million.
A team from CMS Hasche Sigle led by real estate expert Dr Dirk Rodewoldt advised the North German family office on all aspects of the transaction.
