Grundbesitz Europa Open-Ended Property Fund managed by Rreef Investment GmbH signed an agreement to acquire 94.9% stake in "K in Lautern" Urban Shopping Centre from ECE Projektmanagement G.m.b.H & Co. KG for approximately €150 million on April 22, 2013. Post acquisition, ECE and Otto Family will own 5.1% stake in K in Lautern. Niko Schultz-Süchting, Sergio Binkowski and Gerrit Beckhaus of Freshfields Bruckhaus Deringer (Germany) acted as the legal advisors to Deutsche Asset & Wealth Management. CBRE acted as the real estate agent on the transaction.

Grundbesitz Europa Open-Ended Property Fund managed by Rreef Investment GmbH completed the acquisition of 94.9% stake in "K in Lautern" Urban Shopping Centre from ECE Projektmanagement G.m.b.H & Co. KG on July 31, 2013.