CORESTATE subsidiary Hannover Leasing successfully places CityPalais in Duisburg

Hannover Leasing, has successfully placed, despite the challenging market environment, the Duisburg CityPalais. The mixed-use property, so far in a closed-end public fund managed by Hannover Leasing, was completed in 2007 and had previously been acquired as part of a so-called forward purchase.

Thanks to its many years of experience in active asset management, Hannover Leasing was able to develop the property into a profitable yield asset and conducted the sales procedure by means of a structured bidding process. The buyer is Volksbank eG Braunschweig Wolfsburg.

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