Arora Family Trust (AFT) has agreed to acquire three development properties from Airport Property Partnership, a joint venture between the UK airport group BAA and asset manager Morley, for £73mln (EUR 92.5mln). Back in March Arora agreed to buy over 30 properties from the joint venture for £265mln. It was reported at the time that APP had hoped to sell its £1.2bn in property assets in one portfolio but was unable to do so due to the turbulence in the financial markets.
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