German fund manger Degi has postponed the acquisition of the Mall of Sofia shopping centre from GE Real Estate and Quinlan Private, saying it wants to reassess the situation in light of the rapidly worsening economic situation worldwide. The potential transaction volume for the deal agreed provisionally in October was not disclosed but is thought to be in the region of EUR 110 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
