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.
