CB Richard Ellis said on Tuesday that it advised vendor ImmobiliarEuropea SpA on the sale of a 28,000 m[sup]2[/sup] new shopping centre, Auchan Monza, located in Monza, Italy. The Centre was sold to UniImmo, German Open Ended Fund managed by Union Investment Real Estate AG, for over EUR 142 mln.
CB Richard Ellis said on Tuesday that it advised vendor ImmobiliarEuropea SpA on the sale of a 28,000 m2 new shopping centre, Auchan Monza, located in Monza, Italy. The Centre was sold to UniImmo, German Open Ended Fund managed by Union Investment Real Estate AG, for over EUR 142 mln.
Alessandro Mazzanti, CEO OF CBRE Italy, said: 'We were instructed by the vendor in September 2008 and are delighted to have completed this sale during a period of particularly challenging market conditions.'
Mazzanti ADDED: 'We have been able to complete one of the most important deals of this quarter in the EMEA Region.'
In addition to the shopping centre, the development includes a hotel, offices, and a public service hall. Both the hotel and office space are scheduled to open in the autumn of 2009. The shopping centre opened in July 2008 and the tenants include international fashion and textile brands such as Nike, Hilfiger, H&M and Douglas, as well as a number of consumer electronics retailers and hospitality businesses.
