German investor TMW Pramerica Property Investment has acquired a retail centre in Portimao, in the Algarve region of Portugal, for its special fund EuRetail. Although the seller was not disclosed, it is understood that the centre was acquired from French developer Bouygues Immobilier. A spokesperson for TMW Pramerica said on Friday that a non-disclosure agreement has been signed regarding the sale price.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
