Union Investment's subsidiary Defo Deutsche Fonds fur Immobilienvermogen has purchased the Sisjo Entre retail centre in Goteborg, Sweden for around EUR 40mln. The property is earmarked for the firm's Defo-Immobilienfonds I. The 14,000 m[sup]2[/sup] asset was bought by the Scandinavian firm Nordic Real Estate Partners (NREP). In a statement, the company said that the fund is targeting other purchases out of its home market.
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