ING Real Estate acquires 12,000-square meter retail park in Austria |
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Wed, 11 Apr 2007 10:40
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AMSTERDAM (Thomson Financial) - ING Real Estate has acquired a 12,000-square meter Austrian shopping centre for an undisclosed sum, the company said.Shopping Centre 17 in Brunn am Gebirge, Austria, will form part of the ING Real Estate Property Fund Central and Eastern Europe, which the company launched last year.The retail park, which opened in 1996, is currently being leased to 14 tenants.ING said the property is 'located in a very popular retail area comprising 325,000 square metres of retail space.'The area is home to Shopping City Sud, one of the largest shopping centres in Europe.Dave van Ginhoven, +31-6-14496797, dave.vanginhoven@thomson.comdvg/icCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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