PropertyEU

PREF acquires Portuguese retail park

By A staff reporter 2007-12-10T00:00:00

PREF, a fund advised by British Land European Fund Management, has acquired Lima Retail Park in Viana do Castelo, Portugal from a 50/50 joint venture of Sonae Sierra and Miller Developments for EUR 18.5 mln. The transaction price reflects a net initial yield of 6%.

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