Electra Real Estate has bought 60% of a mixed-use residential and commercial building in Frankfurt's city centre for EUR 40 mln.The fully leased building has 62 rental apartments and 24,600 m[sup]2[/sup] of commercial space. The retail element is let to the Metro retail chain through 2013 at an annual sum of EUR 2.53 mln.
Electra Real Estate has bought 60% of a mixed-use residential and commercial building in Frankfurt's city centre for EUR 40 mln.The fully leased building has 62 rental apartments and 24,600 m2 of commercial space. The retail element is let to the Metro retail chain through 2013 at an annual sum of EUR 2.53 mln.
Last week, the company bought 70% of a Frankfurt office building together with a partner for EUR 200 mln. Electra's share in the building amounts to 60%.