PropertyEU

Hamborner REIT invests in Munich office project

By A staff reporter 2011-09-26T00:00:00

Germany's Hamborner REIT has signed a preliminary agreement to buy the NuOffice project in Munich's Parkstadt Schwabing district from developer Hubert Haupt. The transaction volume of EUR 40 mln reflects a gross initial yield of 6%, and an internal rate of return of 8%.

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