Edition:
United States

Redefine International to acquire control of German retail portfolio joint venture


Friday, 7 Apr 2017 02:29am EDT 

Redefine International Plc : Agrees €49 Million Investment to acquire control of german retail portfolio joint venture . Acquisition of controlling interest in Leopard Portfolio consisting of 66 German retail properties currently held in joint venture . Total portfolio independently valued at EUR 175.5 million reflecting a net initial yield of 7.4 per cent . Consideration will be funded from cash resources . Company will hold an effective 94 per cent controlling interest in portfolio, whilst providing 100 per cent .Company will hold an effective 94 per cent controlling interest in portfolio, whilst providing 100 per cent. Of its non-bank financing requirements by way of shareholder loans.