DEGI International purchases shopping center in Modena area (IT/DE)

Deutsche Gesellschaft für Immobilienfonds (DEGI) has acquired Il Borgogioioso shopping center, north of the city of Modena, for its DEGI International fund.

DEGI acquired the shopping center from CMB and the Italian supermarket chain Coop Estense for €51.5 million.

Il Borgogioioso has a gross lettable area of approximately 10.600 m². One of the major tenants is OBI (DIY).

Source: Immobilien Zeitung

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