Last updated: June 1, 2022, 3:30 p.m.
Data collected from ECE
ECE European Prime Shopping Centre Funds

With the "ECE European Prime Shopping Center Fund", ECE Real Estate Partners established for the first time an own Pan-European real estate fund in 2011. Globally leading institutional investors participate in the fund, among them international sovereign wealth funds, pension funds and insurances. The Fund focuses solely on the acquisition of already existing shopping centers with value growth potential.

The first acquisitions included Stern-Center in Potsdam, Linden-Center Berlin, and Galeria Kaskada in Szczecin. In the following years, the Fund invested in further shopping properties in European cities, among others in Brno, Linz, Bielefeld, Poznan, Berlin, and Vienna. The management, leasing out and refurbishment of the Fund centers was always taken over by ECE: The Fund's investment in the shopping mall Megalò in Chieti was at the same time ECE's market entry in Italy. Since the Fund's acquisition of the second largest shopping center in Denmark, ECE has been opening up the Scandinavian market since 2013.

After the success of the first Fund, ECE Real Estate Partners established a second Fund in 2014. "We see a lot of investment potential regarding revitalization and modernization in the coming years which we would like to exploit it with the new Fund," says Dr. Volker Kraft, Managing Director of ECE Real Estate Partners.

The ECE European Prime Shopping Centre Fund raised capital commitments of 850m euros to provide an investment volume of more than 2bn euros, including bank financing, for the acquisition of further centers and their restructuring. The first project and seed asset secured for the second Fund is Zielone Arkady, which was developed by ECE in the Polish city of Bydgoszcz. The investment phase for Fund II is to continue until 2019. In total, since the first Fund's launch, a portfolio of 20 shopping centers was established with a value of more than four billion euros.

Player Type
Assets Managers
Main Listed Market
Free Float
%
Number of assets
0
Legal Domicile
Germany
Alexander Otto

Alexander Otto

Joanna Fisher

Joanna Fisher

Steffen Eric Friedlein

Steffen Eric Friedlein

Robert Heinemann

Robert Heinemann

Henrie W. Kötter

Henrie W. Kötter

Markus Lentzler

Markus Lentzler

Dr. Andreas Mattner

Dr. Andreas Mattner

Claudia Plath

Claudia Plath

ADD INFO TO THIS COMPANY

The information contained in the deals are public and based on best efforts to collect accurate information.

As a subscriber please help us to improve our data, reporting any error or adding details.

If your company participated in this deal, please let us know and describe the role of your company in this deal.

All the “Messages” sent will be public to all other users, identifying thru your subscription details who published each “Message”.

All “Messages” are subjected to a revision process before public release in the platform, so your “Message” will not be immediately released.

If you have any problems or need help, please contact us –data@iberian.property Thanks.

SENT MESSAGES >>