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German Shopping Centre Sells for 70% Below Purchase Price

HLG Real Estate Plans to Knock Down 46,000-Square-Metre Mall
This shopper will have to look elsewhere for retail. (Getty Images/iStockphoto)
This shopper will have to look elsewhere for retail. (Getty Images/iStockphoto)
CoStar News
February 21, 2022 | 10:32 AM

German fund manager HFS has sold a shopping centre 70% below the price it paid 25 years ago.

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