Hammerson and Canada Pension Plan Investment Board (CPPIB) have acquired Silverburn shopping centre in Glasgow for £297 mln (EUR 334 mln). The two parties said on Monday that they have entered into a 50:50 joint venture which has acquired Retail Property Holdings from The Elementary Property Company which acted as its receiver. Retail Property Holdings' main asset is the freehold interest in the 93,000-m[sup]2[/sup] Silverburn mall.
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