PropertyEU

Area buys 30% of X-Leisure fund

By A staff reporter 2011-03-23T00:00:00

New York-based asset manager Area Property Partners has bought 30% of the X- Leisure fund from Britain's largest pension fund, BT Pension Scheme and Hermes Real Estate for a price said to be around £65 mln (EUR 75 mln). X-Leisure was created by Capital & Regional and Hermes RE in ...

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