Defo in EUR 40m Goteborg shopping centre buy

By A staff reporter 2008-06-05T00:00:00+01:00

Union Investment's subsidiary Defo Deutsche Fonds fur Immobilienvermogen has purchased the Sisjo Entre retail centre in Goteborg, Sweden for around EUR 40mln. The property is earmarked for the firm's Defo-Immobilienfonds I. The 14,000 m[sup]2[/sup] asset was bought by the Scandinavian firm Nordic Real Estate Partners (NREP). In a statement, the company said that the fund is targeting other purchases out of its home market.

Union Investment's subsidiary Defo Deutsche Fonds fur Immobilienvermogen has purchased the Sisjo Entre retail centre in Goteborg, Sweden for around EUR 40mln. The property is earmarked for the firm's Defo-Immobilienfonds I. The 14,000 m² asset was bought by the Scandinavian firm Nordic Real Estate Partners (NREP). In a statement, the company said that the fund is targeting other purchases out of its home market.