Madison International Realty and StoneVest acquire light industrial property in Berlin
A joint venture between Zurich-based investment and asset manager StoneVest and US group Madison International Realty has acquired a light industrial property south of Berlin, Germany, from KWC Aquarotter, a provider of sanitary fittings for public facilities. Financial details were not disclosed. The asset, which comprises 15,500 square metres of warehouse and office space, has been acquired via a sale and leaseback transaction, with KWC Aquarotter signing a long term lease, over 15 years, as part of the agreement. The...