By David Parsley2019-09-18T07:26:00
RDI REIT has sold the Bahnhof Center in Altona, Hamburg to Volksbank eG Braunschweig Wolfsburg for €91m (£80.8m).
The disposal, which is in line with RDI’s strategy to exit its German retail portfolio, reflects a net initial yield of 4.6% and a 9.6% premium to the 28 February 2019 market value. The deal is expected to complete on at the end of December.
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