A consortium of Globe Trade Centre and Luxembourg Finance House has acquired a real-estate portfolio consisting of properties in Germany from the Peach Property Group.
Founded in 1994 and headquartered in Warsaw, the GTC Group is a real-estate investor and developer focusing on Poland, Hungary, and the capital cities of Central, Eastern, and Southern Europe.
According to the Dentons law firm, which advised the GTC Group on the deal, “the portfolio focuses on three cities in Germany: Kaiserslautern, Helmstedt, and Heidenheim. In total, it comprises around 5,200 residential units, 47 commercial units, 71 other units, and 2,108 parking spaces, with a total rental area of 324,167 square meters.”