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CLS Holdings acquires Connect in Cologne for €30,5m

CLS has exchanged contracts to acquire „Connect“, a 140,491 sq. ft / 13,052 sqm multi-let office property in Cologne, for €30.5 million excluding costs. The purchase price reflects a net initial yield of 5.1%; the reversionary yield is estimated to be over 6%. The property is fully let and has[…]