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BRIEF-Cofinimmo announces new acquisition in Germany ‍​
September 4, 2017 / 3:50 PM / 3 months ago

BRIEF-Cofinimmo announces new acquisition in Germany ‍​

Sept 4 (Reuters) - COFINIMMO SA:

* NEW ACQUISITION FOR COFINIMMO IN GERMANY ‍​

* BECAME OWNER OF NURSING AND CARE HOME VILLA SONNENMOND IN NEUSTADT IM WESTERWALD FOR AN AMOUNT OF 6.1 MILLION EUR‍​

* A ‘DOUBLE NET’ LEASE CONTRACT IS CONCLUDED FOR 25 YEARS AND CONTAINS AN OPTION FOR AN ADDITIONAL FIVEYEAR EXTENSION.‍​

* INITIAL RENTAL YIELD AMOUNTS TO 6.20 %.‍​

* ACQUISITION BRINGS THE FAIR VALUE OF THE ENTIRE GERMAN PORTFOLIO TO 136 MILLION EUR Source text: bit.ly/2wATmWY Further company coverage: (Gdynia Newsroom:)

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