Union Investment nabs Germany's biggest deal this year

09/1/2009 | Reuters

Union Investment, a German fund, acquired Mercado shopping mall in Hamburg from a joint venture between Pirelli & C. Real Estate and Morgan Stanley Real Estate Investing for $235.5 million, the largest investment deal this year in Germany. The 24,000-square-meter mall attracts up to 35,000 shoppers a day.

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