PropertyEU

Schild sells German apartments for EUR 18m

By A staff reporter 2009-02-06T00:00:00

Dutch property fund Schild Duitsland Dusseldorf Vastgoed Fonds has sold two apartment complexes in Dusseldorf to German housing corporation Wohungsgenossenschaft Essen-Nord for a total EUR 18.3 mln. The Internal rate of Return (IRR) on the assets was 10.52% over a three-year period.

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