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Union Investment buys the shopping centre Le Befane

Posted: 26 April 2017

Union Investment has bought an Italian shopping centre worth €244.4 mln

for an open-ended fund. The German fund manager has bought Le Befane, in Rimini, for an undisclosed price from Credit Suisse’s CS Euroreal vehicle, which is being liquidated.

The deal is part of Union Investment’s ongoing purchase of CS Euroreal’s Melody portfolio.