<p><strong>Germany Portfolio </strong><strong>of three shopping centers Yield 6,1% leasable area of 65,000 m². There is a possibility to increase the annual income up to € 5,500,000. =€1.21M More in Year.</strong></p>
<p>A package of three shopping centers in the centers of the German cities.</p>
<p><strong>Description</strong><strong> </strong></p>
<p>Three shopping centers with a total leasable area of 65,000 m².</p>
<p><strong>Financial performance</strong><strong> </strong></p>
<p>The annual net income is € 4,290,000.</p>
<p>The net yield is 6.1%.</p>
<p>There is a possibility to increase the annual income up to € 5,500,000.</p>
<p><strong>Location</strong><strong> </strong></p>
<ul>
<li>two shopping centers are located in the federal state of Saxony, in the center of cities with a population of about 600,000 and 30,000 inhabitants;</li>
<li>one shopping center is located in the federal state of Mecklenburg-Vorpommern, in the city center with a population of 60,000 inhabitants.</li>
</ul>
<p><strong>Saxony</strong> is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.</p>
<p>The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.</p>
<p>Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.</p>
<p>Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.</p>
<p class="xmsonormal"><strong>Note: </strong>To move forward: </p>
<p class="xmsonormal"><strong>- Buyer / Buyer Rep to sign asset specific NCND/MFA </strong></p>
<p class="xmsonormal"><strong> </strong></p>
<p class="xmsonormal"><strong>- Buyer to submit Non-binding LOI and POF to connect with seller. </strong><strong> </strong></p>
<p><strong> </strong></p>
|