London – 7 September 2022 – CRE's Preservation & Income Fund LP (CPI), advised by CRE, is pleased to announce the sale of a newly refurbished life-science facility located in Nuremberg, Germany and let on a long-term lease to Ziehm Imaging, a leader in the field specialized mobile x-ray imaging and development and manufacture of mobile C-arms. The asset was fully renovated in 2019/2020 and has green roofs, is close to public transportation and boasts a good energy performance. The purchaser was La Française, a French institutional asset manager.
Thomas Reckers, Portfolio Manager at CRE, commented: “It has been a pleasure working with La Française Real Estate Managers’ local team. As the final investment of our fund, the sale allows us to settle and distribute the net proceeds to our investors.”