FRANKFURT-A joint venture of CNL Financial Group Inc. has bought a retail property in Giessen, Germany. Global Income Trust Inc., a non-traded REIT created by Sydney, Australia-based Macquarie Group Ltd. and CNL, acquired the 34,714-square-foot retail center located just north of Frankfurt for $5.2 million.
The property, developed in 2008, is fully leased to six tenants. Affiliates of Global Income Trust's MGPA Advisory (Singapore) Pte Ltd. will manage the property. For the full story, go to Orlando Business Journal .
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