TIAA Henderson Real Estate (TH Real Estate) purchased a retail park underway in the city of Bruchsal for AIF’s Core German Retail Fund. Established in June, the new fund will invest in core and core-plus assets, including specialist retail parks, hybrid malls and inner-city shopping centers. The newly acquired retail park will offer 11,000 sqm of space and is scheduled for completion in the second quarter of 2015. The value of the investment is €20mn.
