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Real I.S. sells NETZWERK office complex in Regensburg

Real I.S. AG has sold the office property NETZWERK in Regensburg on behalf of the closed-end retail fund Bayernfonds Deutschland 21. The NETZWERK building offers a rental area of around 28,500 square metres and 600 car parking spaces. The Hamburg-based investment and asset manager FONDSGRUND carried out the transaction for a club of German institutional investors from HIH Invest Real Estate. The parties have agreed not to disclose the transaction price.