Pendragon, the UK-based car dealership, plans to raise £238.9 mln to reduce debt through a sale and leaseback deal of 81 of its properties to a joint venture owned by the Pendragon Group and NWPI. There will also be a five-for-one stock split.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
