Monday, 18 May 2026
Union Investment has sold the Fountains of Boynton shopping centre in Boynton Beach as part of its strategy to reduce the U.S. exposure within the UniImmo: Europa portfolio.
The parties did not disclose the transaction price, although Union Investment confirmed that the sale exceeded the property’s latest book value.
Located in northern Palm Beach County, approximately 30 miles south of West Palm Beach International Airport, the retail property has been part of the UniImmo: Europa portfolio since 2021.
According to Union Investment, the transaction reflects continued investor demand for retail assets in the U.S. market, particularly for well-performing suburban shopping centres with stable occupancy and diversified tenant mixes.
Completed in 1994, the shopping centre comprises five buildings with approximately 175,500 square feet of leasable area. The property underwent a major refurbishment in 2017 and is currently close to full occupancy. Tenants include a grocery anchor, a national fitness operator, restaurants and service-oriented businesses across sectors including healthcare, beauty and pet care.
The disposal is intended to strengthen the liquidity position of the UniImmo: Europa fund while lowering its allocation to U.S. real estate assets.
CBRE advised Union Investment on the transaction through its National Retail Partners team in Florida.
