BERLIN-The industrial city of Braunschweig in Germany is attracting property investors. In late January, Deka Immobilien GmbH, a property investor based out of Europe, has agreed to purchase the Schloss Arkaden shopping center situated in downtown Braunschweig for an amount of EUR 250 million ($339.6 million).
The property investor has agreed to acquire the property from CS Euroreal, a property fund operated by Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH of Credit Suisse AG.For the full story, go to Wall Street Journal.
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