Wichford enters Germany with EUR 57m buy

By A staff reporter 2007-05-15T00:00:00

British property investment company Wichford has made its debut in continental Europe by the acquisition of 95% of a courthouse complex in Halle, Germany for EUR 57 mln. Completed in 1997, the property generates a rental income per annum of EUR 3.26 mln. The net initial yield comes to 5.43%.

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