PRUPIM acquires Scottish mall for EUR 122 mln

Real estate investment manager PRUPIM has purchased the Wellgate Shopping Centre in the Scottish city of Dundee from HBG UK's property development unit through its M&G property fund for EUR 122 mln. HBG acquired the shopping mall in June 2003 and invested in a revamp scheme which included the creation of a new food court that houses food chains Subway, Fat Jackets and Ashoka.

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