Leasinvest Immo Lux, a subsidiary of Leasinvest Real Estate, has acquired three retail properties located in Strassen, Diekirch and Foetz, Luxembourg for EUR 47.5 mln. The assets generate a total rental income of EUR 3.6 mln per annum, reflecting a gross initial yield of 7.68%. They are fully let with an average remaining lease duration of 6.5 years.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
