PropertyEU

IVG acquires EUR 1.3bn Allianz portfolio

By A staff reporter 2007-08-14T00:00:00

German listed property company IVG Immobilien has bought a portfolio from German insurer Allianz for about EUR 1.3 bn, reflecting a net initial yield of 5.3%. In a statement issued on Tuesday, IVG said the portfolio consists of seven 'high-quality' office properties: one each in Frankfurt and Hamburg, ...

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