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| Foruminvest Italia to sell stake in shopping center near Bari Foruminvest Italia, the Italian arm of Dutch commercial property investor Foruminvest, sold a 50% stake in its Mongolfiera Molfetta shopping center near Bari, in southern Italy to OIRP Investments 2 S.A.R.L., a subsidiary of Orion Income Return Partners, a pan-European core fund sponsored by Orion Capital Managers. The shopping center developed by Foruminvest Italia opened in March 2008. The center consists of 35,000 m² GLA, including an IperCoop hypermarket of 10,000 m² GLA and 2,750 parking spaces. In 2010, Mongolfiera Molfetta had 6 million visitors and the sales turnover of the center has been increasing by 8%-9% annually since opening, performing positively through any economic slowdown. Forum In the Mall (the management company for shopping centers of the Foruminvest Group) and Forum TV (the entertainment company of the Foruminvest Group) will continue to manage the shopping center for the joint venture. write your comments about the article :: © 2011 Construction News :: home page |