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RDI REIT sells Bahnhof Altona Center for €91m

RDI has exchanged contracts with Volksbank eG Braunschweig Wolfsburg to sell its Bahnhof Center in Altona, Hamburg for €91m. The disposal, which is in line with RDI’s strategic decision to exit its German retail portfolio, reflects a net initial yield of 4.6% and a 9.6% premium to the 28 February 2019 market value. The deal is…

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