News

Cording and Migdal make €56m light industrial portfolio purchase

By 2018-04-11T11:01:00

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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