Portuguese retail property specialist Sonae Sierra and Miller Developments, a subsidiary of the UK property company, have sold the Lima Retail Park in Northern Portugal to the PREF fund for EUR 18.5 mln. The transaction makes PREF, the largest owner of retail parks in Portugal with four schemes totalling 67,000m[sup]2[/sup]. PREF is the European retail park fund, managed by British Land European Fund Management.
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.
