30 MAR 2015
Redevco acquires property in Germany
Redevco purchased a retail property let to Karstadt Sports in Braunschweig, Lower Saxony, from pan-European institutional investor Patron Capital. The asset is in a prime city centre location (Damm 5) and has a lettable area of around 3,000 m² (32,000 sq ft) arranged over two storeys. The purchase price is not being disclosed. Agents for the deal were JLL.