Signature makes €9.5m profit on sale

IRISH private equity house, Signature Capital is eyeing up further significant property investments in Germany on behalf of clients, after successfully making a €9.5 million profit on the sale of a commercial property in Frankfurt.

The Dublin-based investment company has sold a shopping centre in Germany, which it had owned for just over a year, for €52m, making a €9.5m profit for its clients in the process.

The 12,300sq m Zeilgalerie centre in Frankfurt was bought by Signature in early 2007 for €42.5m.