M&G fund adds Finland malls for EUR 20m

M&G European Property Fund has acquired two retail properties in the Finnish city of Vantaa for EUR 19.8 mln.

M&G purchased the properties from PG Finland North and Sjaelso Finland. The two malls boast 10,500 m² of lettable retail area and already host several major domestic tenants.

DTZ Sweden AB acted as the adviser to the sellers.

M&G is the European investment management arm of UK financial services group Prudential.