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Acquisition

Following the merger with Arcaplanet in Italy, the investment in ZOOCITY in Croatia and the recent market entry in Romania, the business expansion in the Netherlands marks the company’s next strategic step.

SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL GRIFONE shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effect.

HIH Invest Real Estate (“HIH Invest”) sold a mixed-use office and retail building from the portfolio of a closed-end institutional fund to wohninvest Holding, a company domiciled in Fellbach near Stuttgart.

G City Europe Limited, has completed the purchase of a remaining 25% stake in the Arkady Pankrac Shopping Center in Prague, Czech Republic for a consideration of 60.5 million Euro.