Portugal's Sonae Sierra announced on Wednesday that it has launched its second shopping centre investment fund, Sierra Portugal Fund (SPF), with a total equity of EUR 300mln. The fund is seeded with eight Portuguese shopping centres, representing a total market value of over EUR 425mln. Sonae Sierra said the fund will also benefits from a pipeline of three projects currently being developed in Portugal. These projects have an estimated value on completion of EUR 235mln.
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