Union Investment buys Esslingen shopping center

Union Investment Real Estate acquired the Das Es! shopping center in Esslingen from a national pension service fund managed by Rockspring Property Investment. The shopping center offers 23,113 sqm in 23 shops. Main tenants include Saturn, H&M, C&A and Alnatura. Union Investment was advised by JLL, while CBRE advised Rockspring. The price of the deal was not disclosed.
“Since acquiring the center in 2011, we have successfully completed a number of management measures and signed several new leases. We extended H&M’s space and improved the fashion mix. We are very pleased with the property’s performance,” said Stuart Reid, partner and manager at Rockspring.