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Investcorp, which is headquartered in Bahrain and has offices in New York City, says the deal involves the firm's second real estate investment in Germany.
Macerich of Santa Monica, CA and Indianapolis-based Simon in a 50-50 joint venture will co-develop and jointly lease the new outlet center that is designed to open with 400,000 square feet, followed by an additional 166,000 square feet in its second phase.