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Deal snapshot: SCHRODER EUROPEAN REIT CLOSES FRANKFURT ACQUISITION.

MANews-(C)2009-2016

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.

Country: Germany

Sector: Construction/Real Estate

Target: convenience retail property in Frankfurt Am Main, Germany

Buyer: Schroder European Real Estate Investment Trust Plc

Vendor:

Deal size in USD: 12.50m

Type: LBO

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:4EUGE
Date:Jun 9, 2016
Words:140
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