CMC Capital buys German property for €245m

A CORK-based property investment company has purchased Germany’s busiest shopping centre for €245 million.

CMC Capital, the property investment and wealth management arm of Crowley & McCarthy Chartered Accountants, has finalised the purchase of the A10 shopping centre in Germany, where eight million shoppers pass through annually.

The shopping centre has been purchased in a joint venture deal with a British private investment firm.