Principal acquires 11,800 sqm retail warehouse centre near Dusseldorf

SCPI Novapierre Allemagne fund, advised by investment manager Principal Real Estate Europe and managed by asset manager PAREF Gestion, has acquired a retail warehouse and local shopping centre in the town of Velbert, North Rhine-Westphalia. Price has not been disclosed. The complex of several buildings at Friedrichstrasse 303-311 includes an…