Leipzig/Halle airport acquires Terminal B from Commerz Real for 32.4 million euros
Flughafen Leipzig/Halle GmbH has acquired Terminal B of the airport it operates from Commerz Real’s closed-end real estate fund 72 (CFB 72) for approximately 32.4 million euros. The company had leased the building complex, with more than 25,000 m2 of usable floor area, since 1996, and has now exercised its contractual right to purchase the asset after 22 and a half years.
This marks the all-round successful conclusion of an investment that progressed just as forecast.
Heiko Szczodrowski, Head of Asset Structuring, Portfolio Management, at Commerz Real
CFB 72 has a total nominal value of some 54 million euros, including around 30 million euros in equity, and was established in 1996 as a conventional leasing fund. Following the sale of the terminal, the fund will be dissolved, and the investors will receive pay-outs equivalent to approximately 135 per cent of their original contribution.