EQT Real Estate acquires Allee Center, a neighborhood shopping center in Leipzig, Germany, from Investa Real Estate
The EQT Real Estate I fund has acquired Allee Center, a modern shopping center located in a high-density residential area in Grünau, a suburb of Leipzig. The Allee Center was built in 1996 and comprises around 40,000 square meters of rental space. The center was sold by Investa Real Estate via Colliers International. The transaction represents the fund's eighth investment to date and third into Germany. Investa Real Estate was advised by Clifford Chance and Drees & Sommer. 'We're excited to be an integral part of the rapid growth of Leipzig in general, and Grünau in particular.