Internos acquires three retail centres for its GRP-1 Fund
(firmenpresse) - Frankfurt, 28th Februrary 2011 - Internos GmbH has acquired three neighbourhood retail centres for about 17.75 million euros on behalf of the retail property fund German Retail Partnership Fund I (GRP-1 Fund). The properties, all built between 2006 and 2010, are located in the western German towns of Rockenhausen in Rhineland-Palatinate, Laubach in Hesse, and Riegelsberg in Saarland, and total 11,500 sq.m. of lettable space. The three retail centres are leased for an average of a further 14 years to such well-known retail teants as Rewe, Wasgau, Netto, Rossmann and Lidl. The GRP-1 Fund, which was set up at the end of 2007, now holds a portfolio of 63 properties with a total asset value of about 178 million euros, including the latest acquisitions.
Berthold Becker, Head of Asset Management and Managing Director of Internos in Germany, comments: »With these latest acquisitions we were able in every respect to pursue our GRP-1 investment strategy of acquiring low-risk, high-yielding western German retail property assets, and to invest the 32 million euros of additional available funds arising from the refinancing of a partial portfolio at the end of last year. We intend to buy a further asset in this first quarter of 2011 for about 4-6 million euros, and thus have the fund fully invested.«
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About Internos Real Investors
Internos Real Investors is a leading owner-managed, independent and internationally-active investment, fund and asset management platform based in London and specialising in real estate. Furthermore, Internos is also currently operating from Amsterdam and Luxemburg, as well as the central location of Frankfurt in Germany. Internos Real Investors offers strategic investment opportunities for international and German institutional investors, experience at the highest level and an excellent track record. Following the founding of Internos by Jos Short and Andrew Thornton in 2008 and the takeover and subsequent integration of GPT Halverton, Internos manages currently a portfolio valued at approximately 1.6 billion euros invested in European commercial, office and retail real estate.
Targa Communications
Jochen Goetzelmann
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jg(at)targacommunications.de
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Datum: 28.02.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 1021880
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contact information:
Contact person: Berthold Becker
Town:
Frankfurt am Main
Phone: +49 69 50 50 66 9 35
Kategorie:
Micro-electronics & Nanotechnology
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