IC lets 800 square metres to the Euro-Schulen-Organisation (ESO) in Chemnitz

Unterschleißheim near Munich, 23 September 2012 – The IC Immobilien Gruppe has succeeded in letting approx. 800 square metres of the “Schmidt-Bank-Passage” in Chemnitz city centre to the Euro-Schulen-Organisation (Euro-Schools-Organisation, ESO), one of the largest associations of private education establishments in Germany. The bank and business building comprises a total rentable area of 8,380 square metres. The principal tenant is the Commerzbank, occupying 1,800 m2. As of April 2012, it has been joined, among others, by the IC Immobilien Gruppe itself, whose Chemnitz office occupies a further 800 m2. Built in 1997, the property is owned by the closed-end real estate fund “IC Deutschland 12”.

About IC Immobilien Gruppe: The IC Immobilien Gruppe focuses on asset and property management for german and international, institutional real estate investors. Besides this, the group, with its head office in Unterschleissheim near Munich, manages real estate funds issued both by the company and by third parties. With nine sites and around 280 employees, IC covers almost the whole of Germany. The IC Group provides services to a total of over 15,000 private and institutional investors and administrates an investment volume of about 12 billion euros.