Valad Europe Sells Rathaus Center to Phoenix Development
DUSSELDORF, GERMANY-Valad Europe, in partnership with ZIAG Immobilien AG, has sold Rathaus Center, a 178,142-square-foot building in Monheim, Germany. The buyer was Phoenix Development GmbH. The center includes nearly 83,958 square feet of retail space, 83,958 square feet of office space, 10,225 square feet of ancillary storage space and 354 car parking places.
Phoenix Development has plans to restructure the office and retail space in Rathaus Center. Orrick Holters & Elsing advised ZIAG and Valad Europe, during the deal. For the full story, go to Europe Real Estate .
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