Puma Brandenburg, a Guernsey registered closed-ended investment company that invests in German real estate, has reached a legally binding agreement to buy 45 edge-of-town retail properties for just over EUR 108 mln, excluding acquisition costs. The properties comprise almost 55,000 m[sup]2[/sup] of lettable retail area and are leased to German discount supermarket chain Lidl on contracts with an average duration of 11.2 years.
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