Persistence pays off on German retail sale mandate

Posted by agllondon on December 15, 2015

AGL has advised the private equity owner on the sale of a retail property in Lower Saxony, Germany for circa €5 million. 

The property is let to the leading supermarket chain, Edeka, for a further 10 years.

AGL retained the sale instruction whilst the property passed through three sets of beneficial ownership over a four-year period.  The sale will complete in early 2016.
Lower Saxony
HomebaseSainsburysCharlies DirectChristiesMECCA BingoWaitroseMRMURevcapWhatOaktreeMSILSpinkMunroeInternosKildareMorrisonsMcDonaldsConcarusGrosvenorE-vapoAvivaCBREArgosColthreadCapital & RegionalFairacreRed5Menkind