Multi Mall Management Germany has acquired 100% of the shares of Hamburg-based SEC Center Management which manages nine shopping centres.

Netherlands-headquartered Multi said that it is s expanding its centre management activities in Germany, while SEC is gaining an internationally active partner for further growth.

Multi Mall Management will now be chaired by Susanne Klos (previously managing partner of SEC). Heidrun Quilitzsch (Multi), Stefan Andraschak (SEC) and Hans Steunenberg (Multi), will manage the company's operations.