Rodamco Europe divests Frankfurt shopping centre

By A staff reporter 2007-01-30T00:00:00

Rodamco Europe has agreed to divest 'Zeilgalerie' shopping center in Frankfurt, Germany to Signature Capital, an Irish based real estate company, for EUR 42.5 mln. The selling price represents a net initial yield of 5.3% and is 'well above latest book value', Rodamco Europe said in a press release.

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