Tuesday, September 29, 2009

UFG REM Launches REIT Scellier

UFG Real Estate Managers, a subsidiary property management group UFG launches Multihabitation 5, his first company Real Estate Investment Trust (REIT) Scellier.

"The strategy of our new REIT is a selection of heritage operations, principally located in area A, near Paris region, on dynamic sectors of the economy but also on the rental plan, these areas have provided excellent results Rental on the previous Housing REIT, REM UFG said in a statement.

Several projects are thus already validated in the Hauts-de-Seine - two in Suresnes, a Asnieres, one in Antony and another Chatenay-Malabry. In the development of new districts, the town of Wissous the heart of the Essonne is a possible target for future projects. In the provinces, new quarters are also preferred, as in Bruges, north of Bordeaux, through the development of district Tasta.

"All these projects represents a volume close to 30 million euros, and the match between market values and negotiated supply rental confirmed by our previous investments on these targets led to an average gross return of between 4 60% and 4.70%, "said UFG REM.

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