GLOBAL - BAE Systems Pension Funds Trustees has sold a Perth shopping centre to the Universities Superannuation Scheme (USS) for just over £31m (€34.6).
The asset - which has an unspecified percentage of long-lease occupancies - is managed by Olim.
No information was available on the vacancy rate.
USS said the acquisition represented a 7.9% yield.
In other news, ING Real Estate Investment Management (ING REIM) will sell its 60% shareholding in ING Healthcare to listed property firm APN.
The deal, which is subject to approval by unit holders of the ING Healthcare-managed ING Real Estate Healthcare Fund, comes as part of ING's planned withdrawal from Australian property fund management.
APN, which is the fund's largest unit-holder, is looking to acquire a further 7.5% from senior managers.
Lastly, West End property fund WELPUT has acquired a central London freehold for £41m from EstCapital, the Italian fund manager.
The office asset, which neighbours Trafalgar Square, has four years remaining on a lease to Redwood Publishing.
Ground level retail units are leased until 2017 and 2018, respectively.
The acquisition is WELPUT's first this year.
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