Hayfin completed the acquisition of Gropius Passagen from Nuveen and Unibail-Rodamco-Westfield.

Hayfin, an alternative asset management platform, completed the acquisition of Gropius Passagen, a shopping centre, from Nuveen, an investment management firm, and Unibail-Rodamco-Westfield, a commercial real estate company. Financial terms were not disclosed. “Gropius Passagen offers high-quality exposure to the opportunity we currently see within European shopping centres. It’s a locally dominant scheme in continental Europe’s largest retail market with a large and diversified portfolio of long-term tenants, combining defensive qualities with significant value-add potential. We’re looking forward to working with Pradera to upgrade the asset further and enhance the experience for Gropius Passagen’s loyal customers and retailer partners," Carlos Colomer, Hayfin Managing Director.