Construction News

30/10/2007

Custom House Capital Buys €27m Munich Properties

Dublin based wealth management company Custom House Capital has bought three properties in Munich, Germany.

The €27m purchases include a retail centre and office building in the Grunewald area of the city and a office building located at Nymphenurger Strasse in the city centre.

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The portfolio has a gross yield of around 5.6 per cent.

The properties have been allocated to different funds held by clients.

(GK/JM)

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