Germany-based GAGFAH has announced the purchase of 5,900 residential units in Berlin for EUR 370 mln. The properties are in several areas of Berlin and have a total gross lettable area of 360,000 m[sup]2[/sup]. The vacancy rate for the portfolio comes to 11.2%. The gross yield ghas been estimated to be 7.7%.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
