Prudential Property Investment Managers (PRUPIM) has moved into the German real estate market with the acquisition of the Glashaus project in Munich's district Parkstadt Schwabing. The office development was bought from German developer Paulus Immobilien on behalf of the M&G European Property Fund.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
