MAS Real Estate has sold retail properties in Germany to focus more on Eastern Europe, where it owns assets worth about €480m .
The JSE-listed group said on Friday it had entered into an agreement to sell its four DIY retail properties to Meag, a subsidiary of global insurance group Munich Re, for €62.03m .A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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