REDEVCO has agreed terms with Nomura International plc in London for the acquisition of 11 properties located in Germany, France and Italy with a total floor space of approximately 48,000 mÃÂ².
The German part of the portfolio includes 2 logistic buildings in Hamburg and an office building in DÃÂ¼sseldorf. In France, REDEVCO acquired 4 warehouses. The 4 retail properties in Italy are all located in the Milan area and are the first steps of REDEVCO in the Italian real estate market. Italy is the 14th country in Europe where REDEVCO is active now. The transaction volume amounts to Ã¢âÂ¬ 55.1 million.
REDEVCO was advised by Insignia BDR b.v. (Amsterdam). Nomura was advised by its 100% subsidiary in The Netherlands, Mura Management Services BV.
REDEVCO operates in 14 European countries in the field of real estate asset management. Its portfolio consists of around 800 properties, largely retail locations, comprising a total of 4 million m2 and a value of Ã¢âÂ¬ 5.5 billion.
Source: Redevco Euroep