PropertyEU

Union Investment takes control of Berlin mall for EUR 316m

By A staff reporter 2010-02-17T00:00:00

Union Investment has finalised an agreement with Sonae Sierra and Foncière Euris/Rallye to become the new majority owner of the Alexa shopping centre in central Berlin. Each of the investors had a 50% share in the property and the Hamburg-based property fund manager paid EUR 316 mln to acquire ...

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