Dublin property investment group Signature Capital has off-loaded a prime shopping centre in Frankfurt for €52 million, earning a return of 70 per cent for investors in the space of 18months.
The group, which manages assets worth €700 million in Germany, the US and Britain, concluded the sale of the Zeilgalerie, a high-profile 130,000 square foot building at the centre of Frankfurt’s shopping district, in recent days.
Ciaran McNamara, Signature managing director, said he was...
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