Alpha Real Trust Limited (ART) announced it has acquired an industrial facility in Hamburg, Germany leased to a leading international group for €17.0 million (£15.2 million) including acquisition costs. The property is leased to Veolia Umweltservice Nord GmbH. Under the lease, the tenant is responsible for building maintenance and the passing rent of €0.9 million per annum has periodic inflation linked adjustments.

As part of the acquisition funding, ART has secured a €9.5 million fixed rate loan facility with a 10 year term.