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.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
