St Martins Property, the UK-based property development and investment company, has agreed to buy Cevahir shopping centre in Istanbul for about EUR 750 mln. Cevahir, Europe's largest shopping centre, opened at the end of 2005. The six-storey mall has 320 units, which are let to national and international retailers, together with a 14-screen cinema, a bowling alley and a 'Disney Centre'.
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.
