The BHL consortium of Irish investors has acquired the Pentagon Shopping Centre in the Kent town of Chatham in the UK for EUR 139 mln. The 30,657 m[sup]2[/sup] shopping centre is anchored by Sainsbury's and Wilkinston. BHL plans to redevelop and expand the property. The acquisition is the first stage of BHL's EUR 589 mln acquisition programme targeted at retail properties in Ireland the UK.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
