PropertyEU

GRR buys 5 supermarkets for EUR 28m

By A staff reporter 2009-04-27T00:00:00

German commercial property investor GRR has acquired five discount supermarkets in the country for a total of EUR 28 mln. The transaction reflects a net initial yield of 7.9%. The properties are located in the German states of Hessen, Rhineland-Palatinate, Bavaria and Upper Franconia. They are let on a long-term ...

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