ING Real Estate Development has sold the Canstatter Carre shopping centre in the southern German city of Stuttgart to property fund Encore+ for about EUR 100 mln. The mall comprises 37,000 m[sup]2[/sup] of lettable area, including 15,000 m[sup]2[/sup] of office space and 730 parking spaces. The anchor tenants are food retailers Kaufland and Lidl, as well as the fashion chains Strauss Innovation, Deichmann, New Yorker, C&A and H&M.
ING Real Estate Development has sold the Canstatter Carre shopping centre in the southern German city of Stuttgart to property fund Encore+ for about EUR 100 mln. The mall comprises 37,000 m2 of lettable area, including 15,000 m2 of office space and 730 parking spaces. The anchor tenants are food retailers Kaufland and Lidl, as well as the fashion chains Strauss Innovation, Deichmann, New Yorker, C&A and H&M.
Encore+ is an open-ended fund managed by LaSalle Investment Management and Morley Fund Management. It targets investments across the European Economic Area (EEA), excluding the UK.
