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As of 13th of June 2008 we dispose of the following properties:
Germany:
- Supermarket portfolio - long leases, average yield 7.4%. Approximate price EUR15mm
- Office portfolio - prime locations, very good covenants, long leases. Sale price EUR370mm
- New development in a soft after location to be completed in 2009. Expected yield 6.8%. Sale price EUR56mm
Russia:
- Newly built office in Moscow, close to Sheremetievo airport. Fully pre-let on a 10 year lease. Offers in excess of USD65mm
- Land with commercial zoning around the 4th ring. Any lot sizes.
- Development opportunity for a private villa, 6km away from Moscow. POA
We have also been instructed on the sale of properties in Paris and Switzerland.
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