Sovereign Land and Strutt & Parker Real Estate Financial Services (SPREFS) are teaming up to launch a £300 mln (EUR 3017 mln) fund which will be investing in UK shopping centres, according to a report by news agency Reuters. The companies, which are raising the amount from financial institutions, said the Sovereign Land LP fund plans to acquire UK malls valued between £50-100 mln in anticipation of further price declines in the retail property market.
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