Germany

Berlin’s largest shopping centre, Gropius Passagen has just been acquired by Hayfin from Nuveen and Unibail-Rodamco-Westfield. The centre is a highly important retail destination in Neukölln, Berlin, Germany, with an approximately 95.000 sqm lettable space, around 150 tenants.

KiK is set to close up to 400 of almost 2,400 locations in Germany, following reviews that mapped out the economically underperforming areas. However, existing markets abroad and domestically will continue receiving investments.