The listed property group TLG has acquired seven offices and one hotel in Germany from closed-end funds managed by Frankfurt-based DG Anlage, part of the DG Bank group. The cost of the portfolio of assets €85m. BNP Paribas real Estate brokered the transaction with the German investor. The properties were built between 1995 and 2000 and carried a weighted average lease term of 5.8 years. The combined annual contractual rent of all the real estates is €5.6m.
