Electra Real Estate on Sunday said it bought a 50% stake in nine office buildings in Germany for EU41.7 million. The remaining half was bought by a group of private investors. Eight of the buildings are located in Berlin and one in Frankfurt an der Oder, a city on the Polish border. Some 45% of the buildings' 72,800 square meters in total rental space is occupied by Deutsche Telekom and Deutsche Post, while the remaining space - consisting of both office and retail units - is vacant. Rent provided by the two German giants alone would total EU3m. annually, reflecting a 7.2% yield on the investment even if the remaining rental space stands empty. Filling the vacant property would boost the return "significantly," Electra noted. Electra told the Tel Aviv Stock Exchange that a German financial institution was providing EU37.1m. - 89% of the purchase's value - as a non-recourse loan at a fixed interest rate of 4.85% for five years. In another deal abroad, Jerusalem Economic Corporation notified the TASE that a fully-owned foreign subsidiary purchased eight commercial properties in southern France for roughly EU22.5m. Located in the vicinities of Grenoble, Marseilles and Toulouse, the properties cover 62,284 square meters of commercial floor space, and were expected to provide EU2.4m. in rent annually, or a 10.7% yield. Jerusalem Economic's subsidiary is negotiating with an unnamed French bank towards a loan to cover about 85% of the purchase.