Edinburgh House - Mixed-Use Sale - Germany, €100 Million Portfolio

Date: 09 Aug 2005

Edinburgh House has expanded into Europe with the acquisition of over €100 million of property in Germany.

The London based development and investment company has purchased a 457,481 sq ft (42,500 sq m) logistics facility from Tchibo in a sale and leaseback for in excess of €50 million at Gallin, near Hamburg.

The Rathaus Gallerie, a mixed-use shopping centre in Wuppertal near Dusseldorf, has also been acquired from a private vendor, advised by Jones Lang LaSalle, for in excess of €50 million. The 242,196 sq ft (22,500 sq m) property includes office and residential space.

Tony Quayle of Edinburgh House comments: "Expansion into European markets has been a key focus for the business and our no-nonsense approach has helped us achieve our recent German acquisitions.

"We are excited about future prospects in Europe and have a further €150 million of deals in hand."

Atisreal advised Edinburgh House at Gallin, while Tchibo was unrepresented. Edinburgh House was unrepresented at Wuppertal.

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