Speymill Deutsche to spend EUR 574 mln on German homes

Speymill Deutsche Immobilien, a UK listed property company that invests in Germany, has agreed to acquire residential properties in various German cities for a total of EUR 574 mln. The company said it has also committed itself to buying apartment blocks containing 10,532 residential and commercial units at an overall average price of EUR 804 per m2, equivalent to total rentable space of 714,006 m[sup]2[/sup].

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