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%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
