Rankvale European Property Partners (REPP), the real estate investment arm of London-based Rankvale Holdings, has acquired the Seidnitz Centre in Dresden through the acquisition of shares in a limited partnership for EUR 95 mln. The acquisition, representing an initial yield of 6.8% per annum, is the third and largest REPP investment in the last month, following the acquisition of two newly-built shopping centres in Bamberg and Berlin for EUR 47 mln.
Premium subscriber content – please log in to read more or take a free trial.
