Euro Mall Holding, a subsidiary of TK Development, has entered into an agreement for the sale of a 10,600 m[sup]2[/sup] retail park in Ostrava, the Czech Republic, to GE Real Estate Central Europe. The selling price is expected to amount to about DKK 120 mln (EUR 16 mln) and construction is scheduled for completion in autumn 2007.
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.
