CBRE Investment Management has sold neighbourhood shopping centre Lurup Center in the German city of Hamburg to investment and asset manager Captiva and fund services provider Universal Investment.
The fully leased asset had been held on behalf a separate account mandate. Financial terms of the deal were not disclosed.
The asset at Eckhoffplatz 1 offers around 13.300 sqm of leasable space as well as 410 parking spaces. Anchor tenants include a Kaufland supermarket, drug store Rossman and non-food discount chain Action.
Captiva acted as investment manager in the transaction for a special real estate fund administered by KVG Universal Investment.
Source: https://propertyeu.info/Nieuws/CBRE-IM-sells-Hamburg-shopping-centre-to-Captiva/62d7626c-608c-4a41-9ebd-07c80f44adda, on 7 December 2022