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CBRE Global Investors acquires a prime Italian shopping centre in Apulia

Posted: 9 March 2018

CBRE Global Investors has completed the acquisition of the company owning the Gran Shopping Mongolfiera Molfetta in Apulia, Italy, on behalf of the CBRE European Shopping Centre Fund II.

The company was acquired from Orion Income Return Partners (a fund sponsored by Orion Capital Managers) and HB Capital.

The shopping centre is located in Molfetta, north of the town of Bari and has a catchment area of over 250,000 inhabitants. Bari is the second most important economic centre of mainland Southern Italy and has a high percentage of young inhabitants.