Tel Aviv-listed investor Electra Real Estate along with other private investors has acquired a portfolio of DIY Hornbach stores for about EUR 60 mln. The properties are located in the Netherlands and Luxembourg. The acquisition adds to a portfolio of eight Hornbach assets bought by Electra last year in a 45/55 partnership with other investors. These assets, with an area of 153,000 m2, are located in the Netherlands, Germany, Switserland, and Luxembourg and are 100%-leased.
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