RREEF Investment has reached agreement with developers ECE Projektmanagement and Strabag Real Estate on a 94.9% stake in the company established to realise the Forum Mittelrhein shopping centre in Koblenz. Total investment in the project is put at around EUR 145 mln. The stake will be added to RREEF’s Grundbesitz Europa open-ended fund. ECE and Strabag will retain a 5.1% interest in the company.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
