UK-focused investment manager Apache Capital has sold Cumberland Place to City Developments Limited, a Singapore-based investor and developer for over £30 mln (€35 mln), representing an exit yield of 4.81% and exceeding the target sale price.
Frankfurt-based fund manager Habona Invest has acquired two retail parks in the Bavarian cities of Passau and Kirchseeon from the Küblböck Group for around €26 mln.
