The Augsburg property is anchored by leading retailers.
Aspen Real Estate Ltd. (TASE:ASRE) has bought a 4,300-square meter shopping center near Augsburg, Bavaria, in southern Germany for €4 million. The property is fully leased and anchored by leading German retailers, which occupy 85% of the space in leasing averaging 7.5 years.
Annual rent totals €372,000 (NIS 1.9 million), giving a return on investment of 9.3%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 7, 2008
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