REU has also hedged its expected foreign currency exposure with an income hedge for eight years at €0.4525 and a partial capital hedge consistent to reduce the impact on investors of potential adverse fluctuations in foreign exchange rates.
Gordon Fell, Managing Director of Rubicon, said: “We are delighted to announce our second acquisition since the IPO of the Trust last December. When we floated the Trust, we articulated a pan-European investment strategy to grow and diversify the initial portfolio which contained exclusively German assets. We have now demonstrated an ability to source high quality assets in three different countries, enhancing geographic and tenant diversification and increasing distributions.”
The acquisition of Nike HQ was originated off market by Rubicon in conjunction with DTZ, pursuant to a long term agreement under which DTZ provides origination, asset and property management services to REU.
RET is an independent investment firm with strong capabilities in the creation, syndication and management of specialist funds. Following the recently announced acquisitions by REU, the Manager will have total assets under management of approximately A$3.3 billion, including approximately A$3.1 billion of international real estate.
NIKE Inc is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories.
Rubicon Europe Trust Group
marketing@alchempro.com
