For a price of around €1.5m, which represents about 19 times the annual target rent, ANTEON Immobilien and the apartment buildings team at Grossmann & Berger brokered the sale of a multi-family block in the Düsseltal district of Düsseldorf.
The buyer is a foreign family office, the vendor a private owner. The building was erected at the end of the 1950s; it contains eleven units with a total living space of around 825 m².
Property services provider Grossmann & Berger collaborated with the consultancy ANTEON Immobilien to arrange the transaction; the two companies are part of the commercial properties network German Property Partners
(GPP) that operates throughout the country.