German investor KGAL has acquired the Mona mixed-use commercial development from Horus, a joint venture of Salvi Consulting and OFB.
German investor KGAL has acquired the Mona mixed-use commercial development from Horus, a joint venture of Salvi Consulting and OFB.
Financial details were not disclosed, but the project is believed to be worth around €100 mln.
Mona will provide 20,800 m2 of office, retail and restaurant space on completion planned for October. The asset is currently 60%-leased and is targeting a BREEAM Gold environmental rating.
Colliers International brokered the deal. The seller was advised by Görg and Keller Menz. Drees & Sommer and Labbé & Partner acted for the buyer.
