The properties are 97% occupied and generate €4.3 million in rent a year.
Rosebud Medical Ltd. (TASE: ROSB) and a partner have bought properties in the Germany’s Ruhr region for €49.9 million. The properties - three commercial centers and 1,300 housing units - have an aggregate space of 76,800 sq.m. The properties are 97% occupied and generate €4.3 million in rent a year.
Rosebud’s share in the deal is 80%, and its partner can increase its share to 35%.
Published by Globes [online], Israel business news - www.globes.co.il - on March 18, 2007
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