Wertgrund WohnSelect Fund, managed by WERTGRUND Immobilien AG and TMW Pramerica Property Investment GmbH, acquired five properties with 324 residential and commercial units in Cologne and Frechen on August 16, 2012. The transaction consideration will be financed by one-thirds of the equity capital and the remaining 25% will be bank-financed.

Wertgrund WohnSelect Fund, managed by WERTGRUND Immobilien AG and TMW Pramerica Property Investment GmbH, completed the acquisition of five properties with 324 residential and commercial units in Cologne and Frechen on August 16, 2012.