NewRiver Retail, the UK specialist REIT focused on the retail sector, announces that it has completed the acquisition of a major portfolio of five UK shopping centres from the CPI Retail Active Management (CReAM) fund. The portfolio was acquired in an off-market deal for approximately £53 mln (EUR 63 mln), or a net initial yield of 8.35%.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
