Electra Real Estate and Kamor have acquired a BMW spare parts factory and logistics centre in Regensburg, Germany for about EUR 48 mln. The property is fully leased to BMW until 2033, with an early exit option in 2018. Net rental income from the complex is EUR 3 mln per annum.
Electra Real Estate and Kamor have acquired a BMW spare parts factory and logistics centre in Regensburg, Germany for about EUR 48 mln. The property is fully leased to BMW until 2033, with an early exit option in 2018. Net rental income from the complex is EUR 3 mln per annum.
Electra said it is financing the purchase with a EUR 41 mln seven-year loan at 5.37% fixed interest from a German financial institution.
