Deal snapshot: SCHRODER EUROPEAN REIT CLOSES FRANKFURT ACQUISITION.
UK-based property investor Schroder European Real Estate Investment Trust Plc has closed the purchase of a convenience retail property in Frankfurt Am Main, Germany, the company said.
This deal was announced on 28 April 2016. Schroder European REIT bought the convenience retail property located in Rodelheim (Frankfurt) at a purchase price of EUR 11.05m (USD 12.50m) reflecting a net initial yield of 5.6%. The investment is located in a growing inner urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket with an initial lease term exceeding 10 years.
Sector: Construction/Real Estate
Target: convenience retail property in Frankfurt Am Main, Germany
Buyer: Schroder European Real Estate Investment Trust Plc
Deal size in USD: 12.50m
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Jun 9, 2016|
|Previous Article:||Deal snapshot: SYNTA PHARMACEUTICALS SCHEDULES SHAREHOLDER VOTE ON MADRIGAL ACQUISITION.|
|Next Article:||Deal snapshot: NEW MEXICO'S REGULATOR ISSUES CERTIFICATION OF STIPULATION IN SUPPORT OF EMERA/TECO TIE-UP.|