Deutsche EuroShop has taken a majority stake in City-Point Kassel mall in Germany. The MDAX-listed shopping centre firm increased its shareholding in the asset from 40% to 90% by acquiring shares from Arcandor, the investment company that owns the majority of the German department stores operated by Karstadt. The investment volume - including assumed debt - amounted to EUR 53 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
