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The Jones Lang LaSalle German Shopping Centre Investment Team together with EMEA Retail Capital Markets has advised Union Investment on the acquisition of the shopping centre ALEXA in Berlin. The vendors were from the international shopping centre developer Sonae Sierra (Portuguese) and developer Foncière Euris (French) 50:50 owners. The purchase price amounts to approx. € 300 million (the yield is confidential).
ALEXA, having opened in September 2007, is one of the biggest and most famous shopping centres in Berlin, Germany’s capital and largest city. The centre offers more than 185 shops in more than 56,000 m² retail space with 1,600 parking spaces. Anchor tenants are one of Europe’s biggest MediaMarkt stores of almost 12,000 m², as well as Edeka and H&M. ALEXA is a landmark building on Alexanderplatz, the geographical heart of Berlin.
For Further Information please contact: Anke Haverkamp, German Shopping Centre Investment TeamNeil Lipscomb, Pan EMEA Capital Markets Team.