Location: Germany
Acquisition Date: Ongoing
Purchase Price: €55m
Equity: €8.2m
Portfolio: 15 retail assets
Status: Acquired, ongoing
Once again, we selected assets with strong cash flow which we bought at wholesale price with the objective of selling at driven values. Our structured investment included preferred equity and returned high cash on cash yields. We maximised the site's potential to produce added retail investment from pre-letting activity and disposed of the stock within the short term to take advantage of yield shift.