London-listed F&C Commercial Property Trust has confirmed it has exchanged contracts to sell Lion Walk shopping centre in Colchester for about EUR 89mln. In a regulatory release, the company said the investment volume was gross of rental guarantees which are not expected to exceed EUR 1mln and the price compares to a valuation of EUR 87.2mln at end-March this year.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
