British investment banking group Evans Randall has agreed to buy the Konigsbau Passagen shopping in Stuttgart for EUR 220 mln from HSH N Real Estate and property company Stilwerk. The sale, which is subject to approval by the Baden-Württemberg state trust, is Evans Randall's first acquisition in Germany.
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.
