StratREAL Advises on EUR 48.45m Purchase of Portfolio of Industrial Buildings in Dusseldorf, Germany
Strategic Real Estate Advisors (StratREAL®) has acted as real estate investment advisor on behalf of a private client in the acquisition of a portfolio of industrial distribution buildings in Düsseldorf, Germany for EUR 48.45 million.
[UKPRwire, Sat Feb 14 2009] Strategic Real Estate Advisors (StratREAL®) has acted as real estate investment advisor on behalf of a private client in the acquisition of a portfolio of industrial distribution buildings in Düsseldorf, Germany for EUR 48.45 million.
The portfolio totals 60,608 sq m and has been acquired as an added value investment.
Ben Hall, Global Head of Asset Management and Performance Reporting at StratREAL comments:
“75% of this portfolio is let on secure lease terms, providing a stable income stream. The inherent rollover of leases provides the opportunity to enhance the income stream and value over our planned holding period. This investment helps fulfil the investment strategy of our clients to source well let assets on secure leases with robust property fundamentals in select markets.’’
Since 1998, StratREAL has been involved in excess of USD 9 billion of transactions for its clients, achieving an average IRR of 18%. StratREAL currently oversees the management of more than USD 6.5 billion of real estate assets globally.
StratREAL® ( www.stratreal.com ) is an independent real estate investment advisor and asset manager for private clients, private institutions and banks, and an advisor to private customised real estate funds.
Strategic Real Estate Advisors Ltd.
Suite 3c, Princes House
38 Jermyn Street
London, SW1Y 6DN
+44 (0)20 7287 8772