KGAL Investment Management has invested an undisclosed amount on behalf of a fund to buy a shopping centre asset in the Netherlands.

The German fund manager said the Terminal M asset in Eindhoven was acquired for a pan-European real estate fund. The 11,000sqm centre comprises 25 shops and is anchored by three major supermarkets.

André Zücker, Managing Director of KGAL Investment Management with responsibility for real estate, said: “Eindhoven is a hub for tech businesses in The Netherlands and its population has been growing for several years. This was an opportunity to acquire a popular shopping centre in the Meerhoven district of the city.”

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