- Seller is Phoenix Spree Deutschland
- 34 residential and commercial buildings in Bremen, Hanover, Hildesheim, Verden, Delmenhorst, Kiel, Oldenburg, Lüneburg and Lübeck
- Buyer is BUWOG AG
Hamburg, 31 January 2018 – Engel & Völkers Investment Consulting GmbH (EVIC) has successfully supported the sale of a housing portfolio. Phoenix Spree Deutschland, an investor listed on the London Stock Exchange that specialises in residential property, is selling 34 residential and commercial buildings with space totalling around 41,000 square metres to BUWOG AG in a structured bidding process. The properties with 720 residential and commercial units are located in various regions of northern Germany, including Bremen, Hanover, Hildesheim, Verden, Delmenhorst, Kiel, Oldenburg, Lüneburg and Lübeck. EVIC prepared the transaction as a structured bidding process and subsequently carried out the sale process.