Finnish retail property manager Citycon said it will buy a 50% share in property management company Espagalleria from Palace Kamp Group. It has also assumed responsibility for the commercial management, including the leasing of retail premises, and marketing of Kamp Galleria, a shopping centre in the heart of Helsinki. The mall is the first retail asset Citycon will manage for an external partner.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
