Last week, German fund manager Union Investment launched its first dedicated shopping centre fund for institutional investors - UII Shopping Nr. 1 - with a target volume of EUR 750 mln. Two thirds of the equity has already been raised and the remainder is expected to flow in during the second half of 2011 and 2012. Christoph Schumacher, deputy managing director of Union Investment Institutional Property, tells PropertyEU why shopping centres are too good to pass up.
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