Acacia Point Capital facilitates acquisition of a 23-asset portfolio in southern Germany

15 January 2015

Acacia Point Capital has facilitated the acquisition of a 23-asset portfolio in southern Germany and has been appointed as asset manager by the new owner, a US-headquartered private equity investment manager. The portfolio is 99% occupied with a WALE exceeding 4 years and primarily comprise supermarket-anchored neighbourhood retail schemes along with 3 logistics facilities.

Matthew Walker, Managing Director of Acacia Point Capital said “This portfolio is consistent with our strategy of acquiring well-let grocery-anchored property with value enhancement potential. The assets are primarily located in the wealthy regions of Bavaria and Baden-Württemberg and were acquired at a net yield exceeding 10%. We have strong conviction in high yielding portfolios of this nature that deliver compelling cash-on-cash returns, underpinned by a selection of Germany’s leading retailers”.

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