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MAB, Sonae JV Buy Land For Mall
MAB Development and Sonae Sierra are developing a new €120 million shopping centre in Solingen, Germany, in a joint venture.
MAB DevelopmentandSonae Sierraare developing a new €120 million shopping centre in Solingen, Germany, in a joint venture,PropertyEUreports. The joint venture has bought the formerKarstadtpremises fromHLG/Movestafor the mall.
The opening is anticipated between end-2013 and early 2014. European developer MAB and Lisbon-headquartered international shopping centre group Sonae Sierra each hold a 50% share in the project company.
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