HAMBURG, GERMANY-ECE Group has established its first pan-European realty fund called the ECE European Prime Shopping Center Fund. The company has raised over Euro740 million for the fund through its newly incepted fund management firm, ECE Real Estate Partners. Once the fund is completely invested, the expected gross asset value will be nearly Euro2 billion.
The fund has paid Euro160 million to majority shares in three projects, which are Galeria Kaskada in Szczecin, Linden-Center Berlin and Stern-Center Potsdam. For the full story, go to Europe Real Estate .
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