Property investment company Stenprop Limited and its co-investors sold their investment in the shopping center Nova Eventis to US alternative asset manager Ares Management and US investment manager Baupost Group based on a valuation of EUR 208.5 million. Situated in Günthersdorf, close to Leipzig, Nova Eventis ranks amongst the largest shopping malls in Germany with approximately 200 shops and 76,000 sqm. sales area. Nova Eventis is managed by ECE. The share deal included a W&I-Insurance and was closed on 22 June 2017.