GAGFAH acquires EUR 370 mln residential portfolio

By A staff reporter 2007-01-11T00:00:00

Germany-based GAGFAH has announced the purchase of 5,900 residential units in Berlin for EUR 370 mln. The properties are in several areas of Berlin and have a total gross lettable area of 360,000 m[sup]2[/sup]. The vacancy rate for the portfolio comes to 11.2%. The gross yield ghas been estimated to ...

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