COLOGNE, Germany-The Irish-German real estate company Signature Capital has agreed to the sale of the Neumarkt Galerie shopping center in Cologne to Deka Immobilien GmbH for around $403 million (EUR 295M.)

The building in the city center of Cologne at the beginning of Schildergasse, one of Europe’s busiest shopping streets, is undergoing extensive renovations due to be completed by Q1 2014. The sale is expected to close by mid 2014.

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