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| Arab Investments acquires Sankt Annen Galerie in Brandenburg For its second German fund Arab Investments Ltd. London has acquired Sankt Annen Galerie in Brandenburg an der Havel from HGHI Berlin - High Gain House Investments GmbH - for approximately €53 million. Eurohypo AG Düsseldorf provided financing. Sankt Annen Galerie is centrally located in Brandenburg's historic Old Town on Neustadt Markt 3. Set across four floors, the 15,000 sq m building provides a well-balanced mix of retail, leisure and restaurant facilities as well as 400 car parking spaces. The spacious two-storey gallery accommodates a supermarket, a consumer electronics store, a book store and various fashion shops. On ground floor level there are additional retailers such as an optician, a perfumery as well as a drugstore to round off the mix of retailers. Anchor tenants are C&A, dm, Media Markt and REWE. International real estate advisor Savills has represented Arab Investments Ltd. London in the acquisition of Sankt Annen Galerie in Brandenburg. It is the first property in Arab Investments' second German fund. write your comments about the article :: © 2010 Construction News :: home page |