The company will finance 86% of the deal with a five-year loan from a European bank.
Euro Trade Real Estate International (YTB) Ltd. (TASE:ERTR.B1) and a group of other investors have jointly purchased an office building in Groningen in the north of the Netherlands for €27 million. This is Euro Trade's second deal in a week, after it announced it had signed a memorandum of understanding to purchase a property in the town of Zoetermee for €4.4 million. The company will finance 86% of the deal with a five-year loan from a European bank bearing an annual interest rate of 5.5%. Euro Trade will own half the property and the other investors the will own the rest.
Euro Trade locates, purchases and upgrades income-producing properties in Western Europe.
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