Hamburg-based shopping centre investor Deutsche Euroshop has announced the purchase of the Billstedt-Center in Hamburg, its second shopping centre in the region. The property was acquired from Prime Commercial Properties. The transaction, expected to be completed on 1 January 2011, represents an investment of EUR 160 mln, and a net initial yield of 6%.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
