March 22, 2017 / 8:33 PM / 7 months ago

BRIEF-European Commercial Real Estate announces agreement to acquire German Property

March 22 (Reuters) - European Commercial Real Estate Ltd :

* European commercial real estate limited announces agreement to acquire german property

* Says to acquire a 172,838 square foot office property in Landshut for approximately eur30.2 million

* Says Thomas Schwartz and phillip burns provided to corp a loan of approximately eur1.5 million

* European commercial real estate - deal expected to be financed by way of about eur18 million secured mortgage from german bank

* European commercial real estate ltd - balance of deal consideration to be financed by by way of public or private offerings of common equity and/or debt Source text for Eikon: Further company coverage:

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