IVG fund buys high-street asset in Hamburg for EUR 94m

By A staff reporter 2009-01-14T00:00:00

AEW Europe said on Tuesday that its European Property Investors fund has sold Karstadt's flagship store in Hamburg to a fund managed by IVG Institutional Funds in Germany for just over EUR 94 mln. The Alsterhaus property is a long-leased, landmark asset which consists of approximately 31,000 m[sup]2[/sup] of space ...

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