Deutsche Land, an investor in German commercial property, has acquired several office buildings and a warehouse within a commercial complex in the south-west of Germany. The transaction price of EUR 91 mln reflects an initial yield of approximately 8%. Major tenants within the complex include a large US technology company with a remaining lease term of 9.5 years. The site also has potential for a partial redevelopment to encompass a retail shopping centre and additional office space.
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