DIC Asset has announced the off-market purchase of the Mercedes-Benz-Center at Mercedes-Allee 1 in Cologne-West for its balance sheet portfolio. The total investment costs (TIC) for the property, which meets high-end architectural and quality standards, approximate €71 mln, reflecting a gross rental yield of more than 7%.
Hungarian retail real estate manager Shopper Park Plus (SPP) plans to acquire four Tesco-anchored retail parks in Slovakia with a total gross leasable area of 72,146 m2.
