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| ECE to acquire Spanish center management company Hamburg based ECE Pro-jektmanagement, the European market leader for inner-city shopping cen-ters, has acquired Auxideico Gestión S.A.U., a leading Spanish center management company, from ING Real Estate Development. Madrid based Auxideico Gestión S.A.U. manages 14 shopping centers throughout Spain. Clients include ING Real Estate Investment Management, Deutsche Bank (RREEF), Invesco Real Estate and LaSalle Investment Management. With 14 centers under management and over 500,000 square metres leasable area and an overage of over 100 shops per center this is one of the largest management portfolios in Spain. Operations of Auxideico Gestión S.A.U. will remain largely unchanged, with all 68 employees remaining in the company. For the time being, the name Auxideico will not change, but will run as part of the ECE Group. write your comments about the article :: © 2010 Construction News :: home page |