Internos Sells in Germany for BGP Fund
“BGP’s current strategy is to continue selling down quality retail assets into a rising market to maximise shareholder value,” says Mark Dunstan, CEO of BGP Investment.
In one transaction, Internos sold a five-property portfolio of retail parks in Bavaria and Rhineland-Palatinate for €17.2 million. The buyer was a fund managed by Cordea Savills. In the second transaction, Internos sold a 15,500-square-metre retail warehouse near Berlin for €19 million to an Israeli investor.