GERMANY: DaimlerChrysler sells property for EUR300m
DaimlerChrysler has finalised the sale of 13 German properties no longer required by the manufacturer to a French real-estate group, called ICADE, for proceeds of around EUR300m (US$375m).
DaimlerChrysler has finalised the sale of 13 German properties no longer required by the manufacturer to a French real-estate group, called ICADE, for proceeds of around EUR300m (US$375m).
The deal includes office buildings, business premises and land reserves, located in the German cities of Munich, Berlin, Hamburg, Frankfurt, Stuttgart, Düsseldorf, Ahrensdorf and Bad Homburg.
The company said that the transaction would boost operating profit by approximately EUR100m, to be booked during the third and fourth quarters of this year.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
