The Bayreuth properties were bought for NIS 77 million in a sale and lease-back deal with ZAPF.
Direct Capital Investments Ltd. (TASE:DCI) has signed an MOU for the purchase of four office buildings in Bayreuth, Germany in a sale and lease-back deal for NIS 77 million. The buildings have an aggregate 11,300 sq.m. of rental space, leased at NIS 5.56 million a year, for a return on investment of 7.2%.
The properties will be leased back to ZAPF GmbH for ten years, with two five-year options to extend.
Published by Globes [online], Israel business news - www.globes.co.il - on March 26, 2007
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