The asset located in Kanalstrasse 44 in Hamburg-Uhlenhorst was sold for EUR 15 m, representing a slight premium to the Dec. 31, 2012 appraised value. The transaction, which is still subject to standard closing condition precedent, is expected to close in the second quarter of 2013. The building was acquired at the end of 2007 for a total consideration of EUR 10.7 m as part of a sale-and-leaseback transaction with a German corporation. The asset, which is 98% let, generates o zqznr ywfumw msfj et UUG 064 g wtr hlq pn yqcmppn pkkfn bgkqyy vn 8.2 dcaiq.
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Lmjvmomist:
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