Foruminvest completes sale of Belgian mall

By A staff reporter 2010-04-08T00:00:00+01:00

European investor-developer Foruminvest announced the sale of the K shopping centre in Kortrijk, Belgium to Germany's Union Investment on Thursday.

European investor-developer Foruminvest announced the sale of the K shopping centre in Kortrijk, Belgium to Germany's Union Investment on Thursday.

The deal was first signalled last December. The financial details were not disclosed.

Foruminvest said that 700,000 consumers visited the shopping centre in less than four weeks. Kortrijk has a population of 80,000.

The 34,000 m² GLA retail space is dominated by fashion, with many metropolitan, international formats such as: Zara, Esprit, H&M, America Today, Scotch & Soda, Cool Cat, ‘s Oliver Massimo Dutti, WE and River Woods. Other tenants include Media Saturn, Hema, Blokker, Casa, Bart Smit and La Place.