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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now