A consortium of Deutsche EuroShop, TLG-Immobilien and the ECE Group has acquired the Intecta building in Dresden from Augsburg-based Patrizia Group for an undisclosed amount. The consortium plans to invest about EUR 150mln to re-develop the building as part of a 18,000 m[sup]2[/sup] expansion of the Altmarkt-Galerie shopping centre. The re-development, which is due for completion in the autumn of 2010, will expand the mall from the historic old town centre to the Prager Strasse shopping mile.
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