Halverton has announced on the behalf of HBI, that it has acquired 21 assets in Germany totaling 560,000 m² which shows a combined net initial yield of 8.76%.
Alexander Hoff, Managing Director of Halverton Germany, said: "We have been able to acquire a portfolio of strong regional assets, which will benefit from our unique active management regime. The results of this regime are expected to lead directly to improved occupancy and enhanced returns for our investors".
Highlights of the recent acquisitions include:
- Industrie Park Gottmadingen, for the sum of 40.3m, producing a net initial yield of 8.11% with reversion potential of c9.0%.
- Forum Radefeld, Leipzig, for the sum of 9.75m, producing a net initial yield of 8.13% with a reversion potential of c9.0%.
- Carlbenz Strasse, Soltau, for the sum of 2.9m, producing a net initial yield of 13.46% with a reversion potential of c14.5%.
- Waldstrasse 37, Dietzenbach, for the sum of 22.1m, producing a net initial yield of 8.25% with reversion potential of c8.75%.
- Gottlob-GUssman Strasse, Pleidelsheim for the sum of 5.8m, producing a net initial yield of 11.29% with significant reversionary potential.
In addition to these recent acquisitions Halverton has over 20 further transactions totaling in excess of 300 million under offer, which will contract within the next six weeks.