Eurocastle Investment Limited has sold EUR 219mln of property assets as part of its ongoing programme to harvest mature or non-strategic assets. The listed company, which focuses on German commercial real estate, has sold two buildings at an average NOI (Net Operating Income) yield of about 4.5%. One of the assets, the Furstenhof office/commercial building in Frankfurt am Main, was sold to Hamburg-based Union Investment Real Estate in a deal worth around EUR 129mln. Further details on the other asset were not disclosed.
Premium subscriber content – please log in to read more or take a free trial.
