Pensionfund ABP and the British real estate fund Hamerson have sold their joint investment in shopping center City Center in the German Essen for Ã¢âÂ¬ 115.5 mln. to the German open-end fund CS Euroreal.
ABP had a 78% interest in City Center Essen and Hammerson held the remaining 22%. ABP and Hammerson bought City Center in the early nineties for approx. Ã¢âÂ¬ 59 mln. without the present expansions.