German fund manager, Real IS, has acquired the Hamburger Meile shopping centre on the Hamburger Straße in Hamburg, Germany, for about €250 million. The property was sold by a partnership of retail specialist, ECE Projektmanagement, and Hamburg-based developer, Bruhn.
The shopping centre will be transferred to a new closed-end fund of Real IS, with the target of marketing it to investors in the third quarter of 2011. Bruhn was advised by Hansa Partner and CMS Hasche Sigle. Rödl & Partner acted for Real IS, while White & Case advised ECE.
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