Yesterday Eurocommercial sold its recently developed EKO megastore for EUR 14.1m. The store is located as a standalone unit next to its Grand Samarkand shopping Centre (Sweden). It is part of the strategy to focus solely on shopping centres. The extension was completed in 1Q25 and let to EKO via a 10y lease. The development had a YoC of slightly above 8.0%. The exit yield is significantly lower at 6.3% which is above the latest reported fair value. This signals an ongoing undervaluation of the p...
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