Degi fund enters Italy

Degi Global Business fund has acquired the retail gallery of the Due Colonne mall in Brindisi, in Italy's southern region of Apulia, for EUR 73 mln. The mall, which opened on March 28, 2007, was sold by a consortium of Italian retail developers Coopsette and Aligros. The property is located, together with the adjoining Carrefour hypermarket, on Brindisi's ringroad. The shopping centre's catchment area counts about 275,000 inhabitants. The centre comprises 60 shop units, all of them already let, and 2,500 outdoor parking spaces. The total lettable area comes to 12,081 m[sup]2[/sup].

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