PropertyEU

Develica Deutschland snaps up German portfolio

By A staff reporter 2007-07-19T00:00:00

German property company Develica Deutschland said it has acquired a mixed-use portfolio in Germany for EUR 270 mln, inclusive of costs. The acquisition takes the AIM-listed company's property assets to more than EUR 1bn. The deal reflects a net initial yield of 6.1%. The portfolio includes 21 properties across the ...

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