Speymill Deutsche Immobilien, a UK listed property company that invests in Germany, has agreed to acquire residential properties in various German cities for a total of EUR 574 mln. The company said it has also committed itself to buying apartment blocks containing 10,532 residential and commercial units at an overall average price of EUR 804 per m2, equivalent to total rentable space of 714,006 m[sup]2[/sup].
Speymill Deutsche Immobilien, a UK listed property company that invests in Germany, has agreed to acquire residential properties in various German cities for a total of EUR 574 mln. The company said it has also committed itself to buying apartment blocks containing 10,532 residential and commercial units at an overall average price of EUR 804 per m2, equivalent to total rentable space of 714,006 m2.
Speymill said it has further identified an additional property pipeline of over EUR 400 mln.
