Germany Portfolio of three shopping centers Yield Print this pagePrint this page
Germany Portfolio of three shopping centers Yield
Type: buy
€74.200.000,00
Seller
Quantity: 3
Availability: yes
Location:  Saxony
Description
<p><strong>Germany Portfolio </strong><strong>of&nbsp;three shopping centers Yield 6,1% leasable area of&nbsp;65,000 m&sup2;. There is a&nbsp;possibility to&nbsp;increase the&nbsp;annual income up to&nbsp;&euro; 5,500,000. =&euro;1.21M&nbsp; More in Year.</strong></p>
<p>A&nbsp;package of&nbsp;three shopping centers in&nbsp;the&nbsp;centers of&nbsp;the&nbsp;German cities.</p>
<p><strong>Description</strong><strong>&nbsp;</strong></p>
<p>Three shopping centers with a&nbsp;total leasable area of&nbsp;65,000 m&sup2;.</p>
<p><strong>Financial performance</strong><strong>&nbsp;</strong></p>
<p>The&nbsp;annual net income is &euro; 4,290,000.</p>
<p>The&nbsp;net yield is 6.1%.</p>
<p>There is a&nbsp;possibility to&nbsp;increase the&nbsp;annual income up to&nbsp;&euro; 5,500,000.</p>
<p><strong>Location</strong><strong>&nbsp;</strong></p>
<ul>
<li>two shopping centers are located in&nbsp;the&nbsp;federal state of&nbsp;Saxony, in&nbsp;the&nbsp;center of&nbsp;cities with a&nbsp;population of&nbsp;about 600,000 and&nbsp;30,000 inhabitants;</li>
<li>one shopping center is located in&nbsp;the&nbsp;federal state of&nbsp;Mecklenburg-Vorpommern, in&nbsp;the&nbsp;city center with a&nbsp;population of&nbsp;60,000 inhabitants.</li>
</ul>
<p><strong>Saxony</strong>&nbsp;is a&nbsp;federal land in&nbsp;the&nbsp;FRG, located in&nbsp;the&nbsp;east of&nbsp;the&nbsp;country. The&nbsp;capital city is Dresden. The&nbsp;population of&nbsp;the&nbsp;region is more than 4 million people.</p>
<p>The&nbsp;most important branch of&nbsp;industry is automobile with a&nbsp;share of&nbsp;27% of&nbsp;all sales. It is followed by&nbsp;the&nbsp;metallurgical sector with a&nbsp;share of&nbsp;13%, machine construction with a&nbsp;share of&nbsp;12%, as&nbsp;well as&nbsp;electrical engineering/ microelectronics with a&nbsp;share of&nbsp;11.6% of&nbsp;Saxony's industrial turnover.</p>
<p>Saxony is known in&nbsp;the&nbsp;world for&nbsp;its higher education institutions with long traditions and&nbsp;high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.</p>
<p>Saxony attracts numerous tourists with the&nbsp;presence of&nbsp;many world-class culture monuments, delightful natural landscapes, and&nbsp;a&nbsp;well-developed tourist infrastructure.</p>
<p class="xmsonormal"><strong>Note:&nbsp;</strong>To move forward:&nbsp;</p>
<p class="xmsonormal"><strong>-&nbsp;&nbsp;Buyer / Buyer Rep to sign asset specific NCND/MFA&nbsp;</strong></p>
<p class="xmsonormal"><strong>&nbsp;</strong></p>
<p class="xmsonormal"><strong>-&nbsp;&nbsp;Buyer to submit Non-binding LOI and POF to connect with seller.&nbsp;</strong><strong>&nbsp;</strong></p>
<p><strong>&nbsp;</strong></p>

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Germany Portfolio 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.
Germany Portfolio 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.
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