PropertyEU

Segro seals sale-and-leaseback deal in Germany

By A staff reporter 2008-01-01T00:00:00

UK-listed property REIT Segro has agreed a sale-and-leaseback deal with Mannesmann Plastics Machinery (MPM) for three industrial sites in Germany, at Munich, Nuremberg and Hanover. The leaseback period is for a minimum term of 15 years and the transaction represents a net initial yield of 7.1%. The value of the ...

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