THOMAS DAILY

Property Investment News Germany

Cologne: Allianz sells Lufthansa building to Whitehall Fund

The former Lufthansa building at Kennedy-Ufer in the Deutz district of Cologne has been sold by Allianz to Goldman Sachs’ Whitehall Fund within the framework of a package deal, the daily newspaper Kölner Express reported. Since Deutsche Lufthansa AG moved out at the end of 2007, the building on the right bank of the Rhine has been largely vacant. The sale took place on July 1, 2008, the paper wrote, and added that Whitehall Funds has not yet made any decision regarding the future of the building.

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