Union Investment has acquired the Chinon Center in Hofheim near Frankfurt for its UniImmo: Europa open-ended real estate fund from developer MIB, the Hannover-based open-ended fund manager confirmed. The building, which opened at end-October last year, has a total surface area of some 13,300 m2, as well as 455 parking spots. MIB will continue to manage the centre, Union Investment said.

No financial details were disclosed but news wire Thomas Daily suggested the purchasing price came to some EUR 23 mln. Jones Lang LaSalle advised on the transaction.