Patrizia Immobilien added three office properties in Hamburg, Frankfurt and Dortmund to its German office portfolio. The price of the deal was not disclosed. The seller is a subsidiary of the Orion European Real Estate Fund IV. The properties offer a total of 60,625 sqm and are almost fully leased to 36 tenants with an average lease term of seven years. High profile tenants include Commerzbank, McKinsey, Deutsche Telekom and Gruner + Jahr.
