News and Media
The Sunday Business Post 28/10/2007
CHC invests €27m in three Munich buildings
By Neil Callanan
Custom House Capital (CHC) has followed up its €136 million acquisitions in France by investing more than €27million in three buildings in Munich.
The wealth management company has bought a multi-let retail centre and two office buildings in the city, and the portfolio has a gross yield of about 5.6 per cent.
The retail centre and one of the office buildings are in the Grunwald area of the city and the third, which is also an office building, is on Nymphenurger Strasse in the city centre.
Harry Cassidy, chief executive of CHC said the properties ‘‘represent good investment opportunities for our clients.
The properties have been allocated to different funds and add further diversification to well-balanced portfolios.” Knight Frank Ganly Walters acted for CHC.
©2007 Sunday Business Post
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