The transaction is expected to close in stages from September to December.
Germany has the largest economy in the European Union and the fourth largest in the world. In 2011, the country saw its second consecutive year of retail sales growth and retail centers, especially those containing “value retail” such as convenience stores and discount stores, continue to attract substantial investment interest.
The four centers, located in Hannover, Worms, Gütersloh and Bremerhaven, have a combined leasable area of 121,295 square feet, and contain 15 retail units. The four properties average a 98 percent occupancy rate and are leased to established international and national value retail brands...Global Income Trust with investments in Europe and Asia and currently manages $11 billion in assets in those two regions.
Global Income Trust made its first international acquisition earlier this year. In March, the company purchased a retail center in Giessen, Germany, for approximately €4.0 million. CNL Financial Group.
About Global Income Trust
Global Income Trust, a non-traded real estate investment trust, is designed to create a global portfolio that offers investors access to attractive income-oriented properties around the world. For more information, visit http://www.IncomeTrust.com.
About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $26 billion in assets...Limited is an independently managed private equity real estate investment advisory company focused on real estate investment in Europe and Asia. Limited currently manages US $11 billion (as of March 31, 2012) in assets through those two regions.
Statement Regarding Forward Looking Information
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