GWB concludes joint venture agreement with Caposition (DE)

GWB Immobilien AG has concluded an extensive joint venture agreement with Caposition S.à r.l. Caposition will be making capital available to GWB for current project developments and for the revitalisation of existing properties in the context of project investments.

"With the involvement of Caposition in our development projects, the necessary equity for financing the shopping centres in Speyer and Völklingen is guaranteed", says Dr Norbert Herrmann, CEO of GWB Immobilien AG.

"The co-operation with Caposition also gives us financial scope to revitalise our existing properties. We are delighted to have found such a respected and experienced partner for our projects. The agreement is confirmation of our own assessment of the potential of these projects too."

Source: Kirchhoff Consult

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