Landlord Stenprop, which is selling off assets in mainland Europe as it fully commits to UK multi-let industrial (MLI) assets, has reached agreement to sell a retail park in Berlin for €27m (R512m).

The sale of Neucölln Carrée retail park in Berlin, Germany to Hamburg-based real estate investment manager Union Investment is at a €3.6m premium to the park’s book value as of the end of March, the group said...

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