PropertyEU

Alstria acquires office building in Stuttgart for EUR 16m

By A staff reporter 2011-07-20T00:00:00

Hamburg-based Alstria Office REIT has acquired a property in Stuttgart for EUR 15.9 mln, reflecting an initial yield of 8.2%. The investment volume for the 8,340 m[sup]2[/sup] property comes to EUR 1,903 per m[sup]2[/sup]. The identity of the vendor was not disclosed.

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