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Generali and ECE buy Munich PEP shopping centre

Nuveen Real Estate, on behalf of the TIAA-CNP partnership, has sold the Neuperlach shopping centre PEP, acquired in 2013, to a 50:50 JV of ECE and Generali Real Estate. The contracting parties agreed to maintain confidentiality about the transaction volume, but according to market reports the deal was beyond the…

Photos: ECE Group / Urheber: action press_Heiko Meyer