Scottish Widows Investment Partnership (SWIP) is teaming up with Cushman & Wakefield Investors (CWI) to launch a diversified pan European urban retail property fund, PURetail. Aimed at institutional investors, the fund’s focus will be on core city centres across Europe.
Scottish Widows Investment Partnership (SWIP) is teaming up with Cushman & Wakefield Investors (CWI) to launch a diversified pan European urban retail property fund, PURetail. Aimed at institutional investors, the fund’s focus will be on core city centres across Europe.
The PURetail fund will be launched, via a private placement offering, to sophisticated institutional investors in the UK and other continental European countries. A first closing is anticipated during Q1 2010. The fund will be registered in Luxembourg
SWIP and CWI believe that the investment period starting in 2010 will present increased opportunities in the UK and in continental Europe as pricing becomes more attractive and stability returns to the capital markets.
