ECE teams up with pension fund to develop Oldenburg scheme

By A staff reporter 2009-03-02T00:00:00+00:00

German property developer and investor ECE said it is teaming up with a pension fund of British American Tobacco (BAT) to invest EUR 115 mln in the development of a retail scheme in Oldenburg, Germany. The project is being financed by Hamburg-based Sparka. The scheme will offer 12,500 m[sup]2[/sup] of retail space across 90 shops, and 430 parking spaces. The centre is due to open in the spring of 2011.

German property developer and investor ECE said it is teaming up with a pension fund of British American Tobacco (BAT) to invest EUR 115 mln in the development of a retail scheme in Oldenburg, Germany. The project is being financed by Hamburg-based Sparka. The scheme will offer 12,500 m² of retail space across 90 shops, and 430 parking spaces. The centre is due to open in the spring of 2011.