HAMBURG, GERMANY-Union Investment has acquired Forde Park, a 504,407-square-foot retail center in the Flensburg region. The company has purchased the shopping center for its new real estate fund, UII Shopping Nr. 1.
The retail center comprises nearly 50 outlets and parking space for 2,292 cars. It is situated close to the Gewerbegebiet-Sud business park. Forde Park, which is 100% occupied, is operated by Metro Group Asset Management Services GmbH. This is the second purchase for Union Investment's new fund. For the full story, go to Europe Real Estate .
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