PropertyEU

Alstria Office buys German office portfolio

By A staff reporter 2007-12-17T00:00:00

Hamburg-based Alstria Office REIT is buying a portfolio of five office properties in Germany from insurance group Huk-Coburg and its subsidiaries. The transaction volume is EUR 53 mln, or EUR 1,791 per m[sup]2[/sup]. The properties will be leased back to the German insurer for an annual lease of EUR 3.3 ...

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