German bank HSH Nordbank is planning to sell its 45% stake in the EUR 430 mln Europa Passage shopping centre in the centre of Hamburg , according to a news report in the Hamburger Abendblatts. The sale could fetch around EUR 200 mln, according to the paper.
German bank HSH Nordbank is planning to sell its 45% stake in the EUR 430 mln Europa Passage shopping centre in the centre of Hamburg , according to a news report in the Hamburger Abendblatts. The sale could fetch around EUR 200 mln, according to the paper.
HSH - which owns the mall in partnership with Allianz Real Estate - sees the asset as no longer strategic for its business. Completed five years ago, the scheme offers 30,000 m2 of rental space over 120 shops and some office accommodation.
