During the 1st quarter of 2018, BMO Real Estate Partners Germany has sold the so-called "BOULEVARD" retail portfolio to a German pension fund. The 18 properties, being part of a special fund which is issued for several investors, are distributed all over Germany. Most of them are located in Baden-Württemberg and North Rhine-Westphalia. The retail properties are exclusively stores in prime locations of German mid-sized and large cities. The portfolio comprises 80,000 sqm lettable space with an annual rental income of about 14.2 million Euros. The purchase price is in the triple-digit millions, the parties agreed not to disclose further details.