Deutsche EuroShop: Stake in City-Point Kassel raised to 90% (DE)

The shopping center investor Deutsche EuroShop AG raised its stake in the City-Point Kassel by 50 percentage points to 90% effective from the beginning of 2009. The Company took over the shares from Arcandor AG. The investment volume including the assumed debts amounts to approx. €53 million.

The shopping center was opened in 2002 and offers space for more than 60 specialized shops on five levels with approx. 29,500 m² lettable space (approx. 20,000 m² sales area). 220 parking spaces are available to customers. Approximately 800,000 people live in the center's catchment area.

Source: Deutsche EuroShop

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