REIT Asset Management will act as operating partner and manager for the portfolio, which is mainly made up of town centre supermarkets, mostly built over the last 20 years

Kendall Young, Regional Director for Germany and Central Europe for GE Capital Real Estate said: 'This transaction is a clear illustration of our commitment to the German real estate market. It both supports our strategy to work with joint venture partners in local markets and represents a strong addition to our existing portfolio base in Germany.'

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Retail