CLS Holdings has exchanged contracts to acquire two properties, one in D眉sseldorf and one in Hamburg, for a total of 鈧�49.5 mln.
Parsevalstrasse 11, D眉sseldorf, comprises 22,701 m2 of mixed-use space, including 17,458 m2 of offices, and was acquired for 鈧�43.6 mln including costs.
The asset generates a net rental income of 鈧�3.1 mln , reflecting a net initial yield of 7.1%.
Harburger Ring 35, Hamburg, comprises 3,415 m2 of office space and will be acquired for 鈧�5.9 mln including costs. It generates net rental income of 鈧�0.4 mln, reflecting a net initial yield of 6.4%. The property is fully let to two public sector bodies.
