Cording and Migdal make €56m light industrial portfolio purchase

Robin portfolio baienfurt cording

Cording Real Estate Group has teamed up with with Israeli insurance company and pension manager Migdal to acquire three light industrial properties in Germany for €55.7m (£47.7m).

The acquisition from ThreadGreen Industrial was concluded through equity investment without leverage. Migdal invested 95% of the equity and Cording, together with its owner the Edmond de Rothschild Group, invested 5% acting as local partner.

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