Real estate
German investor to buy Infinity offices, shopping centre in Kirchberg
Immobel agrees to sell offices, retail development for around €80 million to Real I.S.
Belgian-listed developer Immobel has agreed to sell the offices and shops at its Infinity development in Kirchberg to a German investor.
The developer said it would sell 100% of its shares in the company Infinity Working & Shopping to German fund manager Real I.S., which is making the acquisition on behalf of an undisclosed German insurance company.
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