UK investor acquires EUR 214 mln German portfolios

UK-based Dawnay, Day Treveria has acquired two retail property portfolios in Germany for a total of EUR 214 mln. The portfolios comprise 47 properties, including two large shopping centres, located in towns across Germany. Major tenants of the buildings include H&M, Reve, Media Markt and Deichmann. The gross current yield (passing rent divided by purchase prize, but excluding transactions costs) for the two portfolios is 7.6%.

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