Parkwood’s €40m pounce for German retail

Relished buy: Hamburg outlet

Parkwood Asset Management, the private investment joint company of John Lorimer, Derek Lucie-Smith and Robert Maxted, has bought five German retail properties.The price for the 25,000 sq ft portfolio was €40m (£27m), reflecting a yield of 6.9%. The purchase is part of Parkwood’s strategy to invest in German retail property ...

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