Investegate |Stenprop Limited Announcements | Stenprop Limited: Disposal of Berlin Shopping Centre for EUR30.8M
DISPOSAL OF BERLIN SHOPPING CENTRE FOR €30.8 MILLION Hermann Quartier sale will conclude €95 million of non-core disposals in the financial year to date at an average of 18% above March valuation, providing further capital to recycle into multi-let industrial Stenprop, the UK multi-let industrial ("MLI") property company, announces that it has exchanged contracts on the sale of its freehold interest in the Hermann Quartier shopping centre in Berlin, Germany (the "disposal") to Munich based firm ILG Capital GmbH, acting on behalf of the regulated special property fund...
Source: investegate.co.uk