The ECE European Prime Shopping Centre Fund II, a fund managed by ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm acquired an unknown majority stake in Erlangen Arcaden from a joint fund managed by Nuveen Real Estate and CNP Assurances SA (ENXTPA:CNP) on December 18, 2019. The joint fund of CNP and Nuveen will continue as a minority owner of Erlangen Arcaden. Ernst & Young Corporate Finance Beratung GmbH acted as financial advisor to ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm. Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft acted as due diligence provider to ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm. The ECE European Prime Shopping Centre Fund II, a fund managed by ECE Projektmanagement G.m.b.H & Co. KG, Investment Arm completed the acquisition of an unknown majority stake in Erlangen Arcaden from a joint fund managed by Nuveen Real Estate and CNP Assurances SA (ENXTPA:CNP) on December 18, 2019.