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Propfund is pleased to announce its first acquisition into its Propfund Germany 1 – Residential Fund. With the equity it has raised to date it has completed the purchase of 73 units in Brandenburg for €2,700,000. “This is an excellent acquisition for the fund”, says Marco Knoblauch, Fund Manager.
“All properties are rented and are in excellent condition. The rental yields being achieved in Brandenburg was what attracted us to this area. This portfolio is currently generating a rental yield of 10.14% making it a very attractive acquisition for this fund”.
