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Eurotrade Real Estate International Ltd signed an agreement to acquire through its subsidiary two logistics and office buildings located in Zoetermeer, The Netherlands. The property comprises 4,800 m2, most of which is leased to Dräger Safety.
The purchase price, including transaction costs, is 4.4m euro and the net annual rent is €368,000 which reflects an 8.3% net yield on the total investment. Dräger Safety is a leading international medical and safety technology group. The Company, founded in Germany in 1889, currently employs some 10,000 staff worldwide, more than 50 percent of whom are located outside Germany.
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