The portfolio containing 27 retail properties in Germany has been acquired for €86.4m.
M7 Real Estate have made the sale on behalf of M7 ISLAY to FIM Unternehmensgruppe. The portfolio comprises a total rental area of 72,594sq m and includes a mix of high quality, food anchored tenants. Occupiers include Lidl, Netto, Edeka, Rewe, Daniches Bettenlager and SIEMES Schuhcenter.
Alyssa Huse, Managing Director of M7 Real Estate in Germany has said “This sale is in line with our business plan and has delivered attractive returns for our investors. Leveraging our asset management expertise, we have improved the performance across the portfolio, attracting a diverse occupancy base to these well-located assets and creating an attractive market proposition.”
