News
- Home
- Property News
- Schroder European Real Estate buys two office buildings
Schroder European Real Estate announced yesterday that contracts have been exchanged for the purchase of two office buildings located in Germany’s leading office markets Stuttgart and Hamburg, for a total of EUR28.9 million at a blended net initial yield of 6.0%. The assets are fully income producing and multi-let to a combination of governmental and private sector tenants, with an average unexpired lease term of c. 8.5 years. Both properties have either been constructed or substantially refurbished in the last decade, are located in established office sub-markets and are well connected to public transport.
SERE : Schroder European Real Estate buys two office buildings
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated