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Cerberus confirms closure of Project Phoenix and Monsoon

Cerberus Capital Management closed the acquisition of German two of real estate portfolios out of administration, Project Phoenix and Project Monsoon.
By James Wallace
July 22, 2013 | 1:39 P.M.

The Phoenix portfolio comprises nine shopping centres, across 995,000 sq ft in Western Germany, including Marktpassage Bielefeld, a shopping centre in Bielefeld, Seerhein Center, a retail scheme in Constance and a fully let retail warehouse scheme near Nuremberg.

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