German developer Management fur Immobilien (mfi) has secured the financing for the development of the Hofe am Bruhl inner-city shopping centre. According to German media, the builder was able to get the financing for the EUR 200 mln project from Eurohypo after losing its joint development partner, Canada-based shopping centre group Ivanhoe Cambridge. The German company hopes to be able to start the development of the 28,000 m[sup]2[/sup] mall by the end of this year. The centre has already received planning approval from the Leipzig city council.
German developer Management fur Immobilien (mfi) has secured the financing for the development of the Hofe am Bruhl inner-city shopping centre. According to German media, the builder was able to get the financing for the EUR 200 mln project from Eurohypo after losing its joint development partner, Canada-based shopping centre group Ivanhoe Cambridge. The German company hopes to be able to start the development of the 28,000 m2 mall by the end of this year. The centre has already received planning approval from the Leipzig city council.
Mfi and Ivanhoe Cambridge jointly developed the Dusseldrof Arcaden shopping centre project which opened in September 2008, involving an investment of EUR 183 mln.
