Acron buys Swiss retail centre for EUR 24m

German closed-end fund manager Acron AG has acquired a retail centre in Näfels/Glarus, south of Zurich from Austrian developer Zima for CHF 34 mln (EUR 24 mln). The property, which was completed in March 2010, has been transferred to the Acron Helvetia IX Immobilien vehicle which is planned to open up its capital to qualified investors in the second half of the year. The transaction price is in line with the appraised value of the asset, Acron said.

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