German-listed Hahn Group and its partner, Wegner Holding, said they have completed the construction of the Monkhof Karree shopping mall in Lubeck 'in a mere 12 months'. The project's investment volume came to EUR 25 mln. The Mayor of Lübeck, Bernd Saxe, officially opens the shopping centre in Lubeck's newly developed university district on Wednesday. The building provides 15,000 m[sup]2[/sup] of leaseable area and over 600 parking spaces.

German-listed Hahn Group and its partner, Wegner Holding, said they have completed the construction of the Monkhof Karree shopping mall in Lubeck 'in a mere 12 months'. The project's investment volume came to EUR 25 mln. The Mayor of Lübeck, Bernd Saxe, officially opens the shopping centre in Lubeck's newly developed university district on Wednesday. The building provides 15,000 m2 of leaseable area and over 600 parking spaces.

Hahn Group, based in the German region of Bergisch Gladbac, has a 25-year record of investing in large-scale retail properties. It manages some 1.4 million m2 of rental space spread over 150 locations. The total volume of investments is around EUR 2 bn.