
HAMBURG, GERMANY-Union Investment has purchased Sophienhof shopping center situated in Kiel for its real property fund UniImmo: Deutschland. The retail center was sold by Aberdeen Immobilien Kapitalanlagegesellschaft.
The Kiel shopping center, developed in 1988, comprises 120 shops, which are almost fully leased. Clifford Chance and CBRE advised Union Investment, while GSK, Frankfurt and Jones Lang LaSalle advised Aberdeen in the sale. For the full story, go to Europe Real Estate .
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