Union Investment acquires Bethanien Center in Neubrandenburg (DE)

Union Investment has acquired the Bethanien Center at Mirabellenstrasse 2 in Neubrandenburg from a real estate company managed by Captiva Capital Partners III ELP, a Natixis Capital Partners fund. The property will be added to the portfolio of UniInstitutional European Real Estate, a fund for institutional customers.

Bethanien Center

The Bethanien Center in Neubrandenburg.

A single-story mall with approximately 46,850 m² of rental space, the Bethanien Center is well established and has been in operation since 1994. It is the dominant shopping center in the Neubrandenburg region and the top weekly shopping destination in the southeast of Mecklenburg-Western Pomerania, which has a catchment area of around 290,000 people. The center is easily accessible by car.

Union Investment currently holds around 30 shopping centers across Europe in its funds, with a total value of some €5 billion.

Source: Union Investment

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