Miller Developments, the commercial property subsidiary of the UK's Miller Group, is planning to launch a EUR 1 bn fund to invest in retail property across Europe by the end of the year, ceo Phil Miller said during a visit to an out-of-town scheme that the company developed in Hungary. There are 'massive opportunities' in Europe, Miller said.
Miller Developments, the commercial property subsidiary of the UK's Miller Group, is planning to launch a EUR 1 bn fund to invest in retail property across Europe by the end of the year, ceo Phil Miller said during a visit to an out-of-town scheme that the company developed in Hungary. There are 'massive opportunities' in Europe, Miller said.
The company has already developed retail parks in Germany, Portugal, Romania and Spain. In Granada, Miller will build a £72 mln (EUR 105 mln) retail scheme through a joint venture with Portugal's Sonae Sierra. Other retail deals are expected to be closed soon in Greece and Malta.