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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