ING RE sells German mall for EUR 100m

ING Real Estate Development has sold the Canstatter Carre shopping centre in the southern German city of Stuttgart to property fund Encore+ for about EUR 100 mln. The mall comprises 37,000 m[sup]2[/sup] of lettable area, including 15,000 m[sup]2[/sup] of office space and 730 parking spaces. The anchor tenants are food retailers Kaufland and Lidl, as well as the fashion chains Strauss Innovation, Deichmann, New Yorker, C&A and H&M.

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