Finance

RDI continues German retail exit

By 2019-09-18T07:26:00

The Retail Arcade Shard Quarter Marek Sikora photography

Source: Marek Sikora photography

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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