Multi Development Germany and Karstadt department store group are to redevelop the centre of Recklinghausen, a city in Germany's industrial Ruhr region, for a total investment of around EUR 135mln. The 30,000 m[sup]2[/sup] project has been given the working title Quartier am Markt (Market Quarter) and is aimed at repositioning the central market square as an attractive inner-city location.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
