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Benson Elliot acquires German shopping centre at discount price

RDI REIT PLC on Wednesday said it has sold the Schloss-Strassen Center in Berlin to UK-based private equity real estate fund manager Benson Elliot for €65.5 million. RDI said the disposal aligns with its strategic decision to exit its German retail portfolio and reflects a 6.6% net initial yield assuming…[…]
Photos: Benson Elliot