21st February 2008
Develica Deutschland announces further €33m acquisitions
Develica Deutschland announces the completion of three further fully let acquisitions totalling €33 million, taking total funds actually invested to €1.07 billion, and annualised gross rental income to over €69 million.
Derek Butler, Chairman of Develica, said: “The German economy is probably better placed than any other western economy to weather the current global economic conditions and, as such, the German commercial property investment market is one that we continue to view with confidence”.