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Revcap drops bid to buy Berlin’s biggest shopping centre

Private equity firm had reportedly offered €245 million, a circa 8% yield
Between 2014 and 2018, the owners spent €125 million to renovate the 94,700-square-metre shopping centre. (URW)
Between 2014 and 2018, the owners spent €125 million to renovate the 94,700-square-metre shopping centre. (URW)

Revcap has dropped its bid to buy the Gropius Passagen shopping centre in Berlin from Unibail-Rodamco-Westfield (URW) and Nuveen, CoStar News understands.

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