ECE Real Estate Partners
C&W Services: Capital Markets
Largest Trade for ECE Shopping Centre Fund
Our EMEA Capital Markets team, in collaboration with Copenhagen-based Property Partners and RED Property Advisers, advised on the sale of Rosengårdcentret – the second-largest shopping center in Denmark – to ECE's European Prime Shopping Centre Fund for $526 million. Rosengårdcentret covers 110,000 square meters and attracts almost 7.5 million visitors each year. ECE are majority owned by GIC from Singapore, and this purchase is the first time the business has invested in Scandinavia. This transaction shows that there is renewed attention to acquiring assets in emerging markets. Capital flows on a global scale are increasingly driving a new phase of globalization.
"The acquisition of Rosengårdcentret is the biggest trade to date for ECE's European Prime Shopping Centre Fund. The acquisition is interesting for us as it ensures the fund has an even better geographical spread of our investments. It also fits into the fund strategy to acquire leading shopping centers with the possibility of adding value."
– DR. VOLKER KRAFT
Managing Partner of ECE Real Estate Partners