Property Trust Rothenburg, the Luxembourg-based fund of Axa Real Estate Investment Managers, has acquired the Zentro shopping centre in the German town of Rothenburg for EUR 25 mln. The vendor was a private investment company.

Property Trust Rothenburg, the Luxembourg-based fund of Axa Real Estate Investment Managers, has acquired the Zentro shopping centre in the German town of Rothenburg for EUR 25 mln. The vendor was a private investment company.

The shopping mall, with a lettable area of approximately 12,800 m2, has Kaufland, Kik and Bettenlager as its tenants. Axa Real Estate Investment Managers was advised by Cushman & Wakefield.