PropertyEU

Deutsche Euroshop buys 50% of Allee-Center Magdeburg

By A staff reporter 2011-08-30T00:00:00

German listed shopping center investor Deutsche Euroshop has bought a 50% stake in the Allee-Center in Magdeburg from Franco-Dutch group Unibail-Rodamco for EUR 118 mln. The net initial yield - based on an expected revenue in 2012 of EUR 7.8 mln - is just under 6%.

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