Kungsleden adds to German retirement home portfolio

By A staff reporter 2007-10-01T00:00:00

Swedish property company Kungsleden is acquiring two retirement homes near Dusseldorf for almost EUR 15 mln, reflecting a yield of 6.7%. The transaction is part of the company's strategy to build up a portfolio of EUR 533 mln of retirement homes holding in Germany by the end of 2008.

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