The office portfolio Xanadu held in a CMBS securitisation was sold to a private equity fund at the end of December 2012.

The portfolio includes seven office buildings in Berlin, Cologne, Düsseldorf, Hamburg, Karlsruhe, Landshut and Münster with a total floor area of approx. 160,000 sq m.

The purchase price is up to €180 million depending on the final structure of the sale. The leading international real estate advisor Savills advised the vendor on the structured selling process.