PropertyEU

TAG acquires residential portfolio for EUR 43

By A staff reporter 2009-12-18T00:00:00

Hamburg-based property group TAG Immobilien has acquired 787 residential units for a total of EUR 43 mln. The transaction increases the firm's residential portfolio by 51,300 m[sup]2[/sup] or almost 20%. TAG said the deal is being financed by assuming existing bank debt as well as the non-cash issue of 2.4 ...

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