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Article: PMM Partners LLP Successfully Completes Major Property Exit.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PMM Partners is pleased to announce that, on behalf of its investors, it
has successfully managed a major German property exit. The sale of the company St Clemens Hofe Liegenschaften GmbH, advised by PMM Partners, to an international property fund was completed on 15th September generating a 101% pre-tax return on investment for its Sterling based investors.
The historic property off Stresemannstrasse in central Berlin was identified by PMM Partners in 2006. Its then owner, the church of Berlin, was in need of funds for renovation works on other properties in its portfolio and was interested in disposing of the site. By assembling a syndicate of ...
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