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+ | FRANKFURT, April 1 (Reuters) - German real estate firm Alstria Office Reit plans to double its portfolio to six billion euros ($6.4 billion), its chief financial officer Alexander Dexne said in the Saturday edition of Boersenzeitung (BoeZ), without giving a date. | ||
+ | "It cannot be gauged how fast we can double the property portfolio," Dexne said, adding it had taken the M-Dax listed company nearly 10 years to arrive at the current size since it floated in 2007. | ||
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+ | Dexne said Alstria was always looking for acquisitions and currently had 250 million euros available in liquid assets. | ||
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+ | Its loan-to-value rate had been lowered to 40 percent over the past 12 months to a level that would be maintained for the medium term, he said. | ||
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+ | Alstria owns 108 buildings in places including Hamburg, the Rhine-Ruhr and Rhine-Main regions, Stuttgart and Berlin. | ||
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+ | While it had not been able to tap opportunities in Munich, where prices had always been high, it viewed the city as attractive, as it does Berlin, Dexne said. | ||
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+ | Its portfolio in Frankfurt amounts to 500 million euros and could benefit if there is a move towards the city as financial institutions leave London over Britain's exit from the European Union, he said. ($1 = 0. If you beloved this article and you also would like to be given more info relating to [[https://www.skynlondontantricmassage.com/massages/|xxx hot videos]] kindly visit our web page. 9391 euros) (Reporting by Vera Eckert, editing by [[https://www.skynlondontantricmassage.com/massages/|xxx porn videos]]) |