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BRIEF-Peach Property Group acquires properties in North Rhine-Westphalia
September 13, 2017 / 5:12 AM / in a month

BRIEF-Peach Property Group acquires properties in North Rhine-Westphalia

Sept 13 (Reuters) - PEACH PROPERTY GROUP AG:

* ACQUIRES FURTHER PROPERTY PORTFOLIO IN NORTH RHINE-WESTPHALIA

* ‍TARGET RENT OF AROUND CHF 1.1 MILLION (EUR 0.95 MILLION) WITH A VACANCY RATE OF AROUND 5%​

* ‍ACQUISITION OF A PURE RESIDENTIAL PORTFOLIO WITH 266 UNITS IN BOCHUM AND HAMM​

* ‍BOTH PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE​

* ‍PROPERTIES WERE SOLD BY A LARGE, REGIONAL PROPERTY COMPANY​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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