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