Dutch property company Ibus has acquired two retail portfolios in its first commercial property acquisition in the German market. The portfolios include a total of 34 real estate assets across 30 locations in Schleswig-Holstein, Mecklenburg-Western Pomerania, Hamburg and Lower Saxony. The properties have been bought through a sale and lease back deal with grocery retailer Kloppenburg. The financial details of the transaction were not disclosed.
Dutch property company Ibus has acquired two retail portfolios in its first commercial property acquisition in the German market. The portfolios include a total of 34 real estate assets across 30 locations in Schleswig-Holstein, Mecklenburg-Western Pomerania, Hamburg and Lower Saxony. The properties have been bought through a sale and lease back deal with grocery retailer Kloppenburg. The financial details of the transaction were not disclosed.
