FREIBURG, GERMANY-Union Investment has acquired the Breisgau Center, an 180,047-square-foot retail complex in Freiburg, for UII Shopping Nr. 1. A property company managed by Hamburg-based Newport GmbH is the vendor.
The Breisgau Center, opened in 1975, was renovated last year and is fully leased. Adler and Real occupy 34,229 square feet and 117,024 square feet, respectively, in the retail complex located in the Freiburg-Haid business park. Terms of the deal were not disclosed. For the full story, go to Europe Real Estate .
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