PropertyEU

FDL buys 1,000 residential units in Berlin

By A staff reporter 2011-04-12T00:00:00

Foncière Développement Logements (FDL) has signed an agreement to acquire a portfolio of 1,053 residential units, offering around 80,000 m[sup]2[/sup] in Berlin. The transaction price amounts to EUR 84 mln. The purchase will be 50% financed with own cash resources and 50% funded with bank debt.

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