Miller Developments is planning to build a retail park in Germany after acquiring a 2.5-hectare site in Hassloch for an undisclosed amount. The commercial development arm of UK-based Miller Group has entered into a joint venture with local developer Prebag for a 8,000 m[sup]2[/sup] project on the site. The scheme will have an enterprise value of EUR 20 mln on completion.
Miller Developments is planning to build a retail park in Germany after acquiring a 2.5-hectare site in Hassloch for an undisclosed amount. The commercial development arm of UK-based Miller Group has entered into a joint venture with local developer Prebag for a 8,000 m2 project on the site. The scheme will have an enterprise value of EUR 20 mln on completion.
David Milloy, joint managing director of Miller Developments said: 'Part of the site already benefits from a retail zoning, however our intention is to seek consent to extend the zoning, enabling us to develop a much larger retail park. We hope to be on site by the end of the year.'
