Berlin: Hamborner buys Globus store from Krieger
Hamborner REIT has acquired the Globus home improvement store on Landsberger Allee in Berlin’s Lichtenberg district for €32.1mn. The seller is a Krieger Group company. SQM Property Consulting advised the buyer for the transaction. Globus has a long-term lease for the 16,500 sqm property until 2030. According to Hamborner, the gross initial yield will amount to 5.3% with an annual rental income of €1.7mn. Payment is expected to take place at the end of 2018 and the property transfer in early 2019.
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