Globe Trade Centre (GTC) has finalized the acquisition of a German residential portfolio from LFH Portfolio Acquico S.À R.L. and Peach Group companies, following the fulfillment of all suspensive conditions. The transaction terms align with those disclosed on November 16, 2024, the company announced. As a result, GTC, through its subsidiary GTC Paula S.À R.L., acquired: • 89.9% stakes in partnerships Kaiserslautern I GmbH & Co. KG and Kaiserslautern II GmbH & Co. KG from Peach Group companies. • 79.8% stakes in several limited liability companies, including Portfolio Kaiserslautern III GmbH, Portfolio KL Betzenberg IV GmbH, and others, from LFH Portfolio Acquico S.À R.L. These acquisitions reflect an adjusted portfolio value of approximately €448 million for full ownership. • Additionally, 51% of shares in GTC Peach Verwaltungs GmbH, the portfolio management company, were acquired indirectly from Peach Group. The transaction follows agreements signed in November 2024 between GTC and Peach Property Group AG, along with LFH Portfolio Acquico S.À R.L. The portfolio, previously part of Peach Property Group, comprises 5,165 residential units, 47 commercial spaces, 71 additional units, and 2,108 parking spots, with a total leaseable area of 324,167 m². Portfolio Highlights The portfolio is concentrated in three key German cities: Kaiserslautern, Helmstedt, and Heidenheim. Residential properties make up nearly 100% of the portfolio, with an occupancy rate of approximately 87.4%. The assets primarily consist of properties built between 1950-1969 and newer buildings from 1970-1984. To finance the acquisition, GTC secured a five-year loan of €190 million. Source: GTC and ISBnews