(For more retail coverage, click GlobeSt.com/RETAIL.)
LONDON-Locally headquartered fund sponsor Rowan Asset Managementhas acquired seven supermarkets and two fast food restaurants for$175.5 million. The seller was Germany based property investor andasset manager DIAG.
The properties are located in the German cities of Kiel,Krefeld, Flensburg, Gifhorn, Schleswig, Niedersachswerfen,Stralsund, Warendorf and Bocholt. The so-called East-West portfoliois fully leased. Supermarket tenants include Real, Edeka and REWE.The fast-food restaurants are leased to Burger King.
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