Unibail-Rodamco-Westfield (URW) has entered an agreement with an institutional investor for the sale of Gera Arcaden, in Germany, for an agreed total of €116 million ($127 million).
Located in Gera, Germany, the shopping center comprises 38,300 square meters (412,258 square feet), and offers visitors a large choice of retailers and local and international dining options, from German to Asian to Italian cuisines.
Additionally, URW has entered into a management contract and will continue the asset and property management of the center through its German third-party, asset-management business.
