Fonciere Developpement Logements (FDL) said that it has completed several previously announced property transactions in France and Germany for a total investment volume of EUR 500 mln. Last July, the company said it was buying 1,086 residential units in the Paris region for about EUR 398 mln, reflecting a yield of 4.5%. The properties generate a rent of EUR 18 mln per annum.
German asset manager publity AG has sold the Access Tower, a 21-storey office building in Frankfurt am Main, Germany.
