Hammerson sells Forum Steglitz at 8% yield

By A staff reporter 2009-05-13T00:00:00

UK property REIT Hammerson has exchanged contracts for the sale of its remaining property in Germany, Forum Steglitz, to Europa Fund III, a pan-European investment fund launched by Europa Capital LLP. Hammerson will receive gross proceeds of EUR 70 mln from the sale, representing a net initial yield of 8%. ...

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