PropertyEU

AAIM acquires EUR 700m Gemini portfolio

By A staff reporter 2007-09-07T00:00:00

UK celebrity-backed fund AAIM has bought 51 German retail assets from Luxembourg-based EPI Orange Holdings for EUR 700 mln. The purchase price for the 34 DIY stores let to Praktiker and 17 department stores let to Sinn Leffer reflects a net initial yield of 5.5%. Last month AAIM was ...

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