FLE, a subsidiary of the French group LFPI specializing in hotel and commercial real estate, sold five properties on the German and Austrian markets, totaling €25m. The properties, including an office and restaurant building in Hamburg, an office building in Stuttgart and three buildings in Vienna and its precincts, were sold to private buyers at the end of 2014 and the beginning of this year. LFPI is planning to invest €140m in new acquisitions. The company’s portfolio included 54 assets, offering 255,000 sqm of leasable space, valued in December at around €460m.
