Dutch privately held investment group Redevco has joined forces with US asset manager Ares Management to acquire and redevelop the El Corte Inglés department store in the heart of Barcelona in an operation believed to be worth a total of €200 mln.
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.
