FONDSGRUND Investment GmbH signed an agreement to acquire Mannheim-based development portfolio from Consus Real Estate AG (XTRA:CC1) for ?70 million in September, 2023. The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond. The closing of the transaction is subject to market standard closing condition and is expected to close within the 4th quarter of 2023.

Dirk Debald and Claudia Wolf from Hogan Lovells International LLP acted as legal advisors to FONDSGRUND Investment GmbH inn the transaction.