Sale of Well-Let German Retail Investment

Posted by admin on February 13, 2017

AGL has advised the Luxembourg owner on the sale of the above property to a German investor.

The property is situated in a prime out-of-town location in Nuremberg, Bavaria and is majority let to the food retailer REWE with 12 years unexpired.

The sale price of c. €8m reflected a net initial yield of less than 6%.
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