RDI Reit sells German warehouses for R650m
The landlord is in the process of selling its German portfolio to focus on the UK and has now sold 55% of those assets
19 March 2020 - 10:46
London and JSE-listed landlord RDI, which is selling off its assets in Germany to focus on the UK, said on Thursday it had sold three warehouses in Germany for €34.2m (about R650m), having now moved to dispose of more than half that portfolio.
Landlords in Europe are grappling with the rise of e-commerce, and now the effects of the coronavirus pandemic...
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