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Rodamco Europe sells German shopping centre for 42.5 mln eur


Published : Tue, 30 Jan 2007 18:42
By : Agencies
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AMSTERDAM (AFX) - Rodamco Europe NV said it will sell a shopping centre in Germany to Irish real estate company Signature Capital for 42.5 mln eur.

The net initial yield will be 5.3 pct, it said.

The Zeilgalerie shopping centre in Frankfurt is approximately 12,600 square metres in size, and the transaction is expected to be finalised at the end of February, Rodamco said.

kaj.leers@thomson.com

kel/har

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