Valad Europe acquires UK shopping centre for €40m

By Virna Asara 2014-01-16T00:00:00

Valad Europe has acquired the Royals Shopping Centre, Southend on Sea, UK, from Orchard Street Investment Management for £33.4 mln (€40 mln), reflecting a single net initial yield of 8.45% and 7.8% on net income.

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