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Commerz Real buys shopping centre in Mülheim for HausInvest

Commerz Real has acquired the inner-city shopping centre “Forum City Mülheim” with a total area of approx. 47,300 square metres for its open-ended real estate fund HausInvest. The seller is a special purpose vehicle administered by JP Morgan Asset Management, a subsidiary of the US investment bank JP Morgen Chase. It was agreed that confidentiality be maintained on the purchase price. „Dominant shopping centres such as Forum City Mühlheim – in central locations and with sustainable concepts – play an important role in portfolio diversification“, explains Katharina von Schacky, divisional head Shopping at Commerz Real. Following the most recent purchase there are now 13 shopping centres in the fund portfolio, which account for...[…]