Scottish Widows Investment Partnership (SWIP) is teaming up with Cushman & Wakefield Investors to launch a new pan-European retail fund which is expected to have a spending power of EUR 500mln and will target city centre retail assets. ‘We are in the process of raising equity for a new fund - Puretail (Pan European Urban Retail Real Estate fund), and we hope to hold the first closing in this quarter with equity of around EUR 100 mln,’ said Malcolm Naish, head of real estate at SWIP.
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