HSBC European Active Real Estate Trust has exchanged contracts with the Mall Fund to acquire the Galleries Shopping Centre Bristol in the UK for £50.2 mln (EUR 58.5 mln).
HSBC European Active Real Estate Trust has exchanged contracts with the Mall Fund to acquire the Galleries Shopping Centre Bristol in the UK for £50.2 mln (EUR 58.5 mln).
The transactions was announced by London-listed Capital & Regional on 24 December. Capital & Regional has an interest of 16.7% in the Mall Fund.
The sale price reflects a premium to valuation at end-September 2010.
