Union Investment has acquired the Twentec shopping centre in Enschede from Dutch property investment company Foruminvest for EUR 29 mln. The property is earmarked for Union Investment's Defo Property Fund I. Built in 2003, Twentec is located close to the historic old city of Enschede at the newly planned Van Heekplein square location. The fully let retail property comprises nine leasehold units between 441 m[sup]2[/sup] and 2,107 m[sup]2[/sup] in size.
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