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(ANSA) - ROME - The Franciacorta Outlet Village, an Italian shopping centre entirely dedicated to designer clothes, located near Brescia, was acquired by real estate investment manager DEGI Deutsche Gesellschaft für Immobilienfonds mbH. The centre was sold for a total investment volume of around €204.2 and it will be placed into the company’s Grundwert-Fonds. The seller is a consortium comprising the development firms Gruppo Stilo and Craig Realty as well as the Italian financial investor Primavera. The equity capital for the acquisition comes directly from the successful sale of three of the five properties belonging to the Bodio Centre office complex in Milan. The proceeds of the sale were distributed 60% to Grundwert-Fonds and 40% to Degi International in proportion to their respective holdings in the Bodio Center. The Outlet Centre is located 80 kilometres from Milan and Verona on the A4 motorway, the most important North Italian east-west connection. “Thanks to its size, its attractive tenant mix and its large catchment area, the Franciacorta Outlet Village plays in the premier league of the Italian retailing market”, says DEGI spokesperson. About 4 million consumers can reach the Outlet Centre in less than one hour’s drive.

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Source : http://www.demaniore.com, 19/01/2007