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Dubai, Jun 9: A unit of government-owned Dubai Investment Group has bought Maerkisches Zentrum in Berlin for 88 million euros ($112.8 million), its second shopping centre acquisition in Germany, a company statement said on Thursday.

DIG Real Estate and Hospitality, which manages a portfolio of more than $7 billion, bought the shopping centre with financing provided by Merrill Lynch International, it said.

The company said earlier it bought Hansecenter in Rostock for 85 million euros in December.

Companies in the United Arab Emirates and the rest of the Gulf, flush with cash from the biggest oil boom in decades, are increasingly looking at investments in Western countries and Asia.


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