Commercial real estate

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2007-03-13

Great Britain | Commercial Property Europe

Largest Spanish out of town retail investment transaction agreed

Great Britain: British Land and the closed-end fund PREF have formed a joint venture to acquire a prime regional shopping centre and retail park in Murcia, Spain for circa €350 million from Deparcom (a joint venture between Eroski and Grupo Trusam). Completion of the transaction is anticipated before the summer following satisfactory due diligence.

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