Corpus Sireo to manage Treveria retail silo in Germany

A German retail portfolio that failed to sell to Cerberus earlier this year is to be asset managed by Corpus Sireo.

Hypothekenbank Frankfurt (Eurohypo) controls the ‘Silo F/K’ portfolio, which was part of Treveria’s German retail property company.

Cerberus had been in an exclusivity agreement to buy the €450m loan securing the 12-plus properties after the loan matured a year ago.

Corpus Sireo has been appointed on 78 of the assets to work with ATOS Asset Management and Treveria.