LB Immo Invest buys retail park in Amsterdam for EUR 42m

By A staff reporter 2009-10-14T00:00:00+01:00

LB Immo Invest, the special funds subsidiary of HSH Real Estate, has acquired a retail park in Amsterdam for around EUR 42 mln from developer Borghese Real Estate, HSH Real Estate said.

LB Immo Invest, the special funds subsidiary of HSH Real Estate, has acquired a retail park in Amsterdam for around EUR 42 mln from developer Borghese Real Estate, HSH Real Estate said.

The newly completed park has a leasable area of 29,000 m² and 530 parking spaces. The anchor tenant is Dutch DIY chain Gamma.

LB Immo Invest has built up a strong position in Germany in the special real estate investment funds segment. The internationally active special funds include individual funds, component funds and other equity concepts.