PropertyEU

Alstria acquires two properties in Hamburg for EUR 20m

By A staff reporter 2011-01-27T00:00:00

Alstria Office-REIT has agreed to acquire two office buildings in inner city locations in Hamburg for a total transaction cost of around EUR 20 mln in an off-market transaction. The Hamburg-based investment company said that the properties offer significant value creation potential, as the vacancy rate of 24% provides ...

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