709374 | Germany Portfolio of three shopping centers Yield

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.

A package of three shopping centers in the centers of the German cities.

Description 

Three shopping centers with a total leasable area of 65,000 m².

Financial performance 

The annual net income is € 4,290,000.

The net yield is 6.1%.

There is a possibility to increase the annual income up to € 5,500,000.

Location 

• 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;
• one shopping center is located in the federal state of Mecklenburg-Vorpommern, in the city center with a population of 60,000 inhabitants.

Saxony 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.

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.

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.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.

Note: To move forward: 

-  Buyer / Buyer Rep to sign asset specific NCND/MFA 

-  Buyer to submit Non-binding LOI and POF to connect with seller.