Africa Israel takes majority stakes in 4 German property firms

By A staff reporter 2007-04-16T00:00:00

Africa Israel's European division has agreed to purchase 70% of four German companies with assets valued at EUR 97 mln. The companies' portfolio comprises 35 real estate assets for residential and commercial use in Berlin and in the Dusseldorf region. The total annual rent comes to EUR 7.8 mln.

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