Develica Deutschland has announced the acquisition of three commercial properties in Germany over the last few days. It purchased a fully let 12,522 m[sup]2[/sup] logistics property, located in the northern city of Lohne for EUR 21.78 mln. The deal reflects an initial yield of 7.1%. It acquired another 50,000 m[sup]2[/sup] logistics building for EUR 28.63 mln, with an initial yield of 7.37%. Finally, the company purchased a fully let shopping centre in the central German city of Fulda for EUR 19.2 mln, reflecting an initial net yield of 6.51%. The company said its total investment volume has reached EUR 700 mln following these three deals.
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