UK REIT NewRiver Retail and global investment manager Pimco have teamed up to acquire a portfolio of five shopping centres in the UK from Zurich Assurance. The investment volume for the secondary market assets comes to £85 mln (EUR 104 mln), reflecting a net initial yield of 9.7%.
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.
