Closed-end European out-of-town retail property fund PREF is selling five European retail parks, as well as a 41% stake in the Spanish regional shopping centre, Nueva Condomina in Murcia to Henderson European Retail Property Fund (Herald). In a statement, PREF said that the transaction price comes to a total of EUR 300 mln.
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.
