ING Real Estate: Cannstatter Carré sold to Encore+ Fund for €100mn
On March 21, LaSalle Investment Management and Morley Fund Management aquired the Cannstatter Carré, a shopping center in downtown Stuttgart with 22,000 m² of retail space and 15,000 m² of office space, for their open property fund Encore+. As the seller, ING Real Estate received €100mn in the transaction.