LaSalle Investment Management has sold a shopping centre in the German town of H眉rth near Cologne to fund manager Deka Immobilien for around 鈧�213 mln.
LaSalle Investment Management has sold a shopping centre in the German town of H眉rth near Cologne to fund manager Deka Immobilien for around 鈧�213 mln.
The mall, H眉rth Park, is managed by ECE and comprises a GLA of close to 61,000 m2 with tenants including Saturn, Peek & Cloppenburg, H&M and a multiple-screen cinema.
LaSalle purchased the shopping centre at end-2010 on behalf of a client and invested around 鈧�30 mln in various asset management initiatives, including measures to improve the tenant mix.
Deka will add the mall to its open-ended WestInvest InterSelect fund.
LaSalle was advised on the transaction by JLL and Hogan Lovells.
