UK real estate fund manager Pradera has snapped up La Fabbrica shopping centre in Santo Stefano di Magra in Italy's Liguria region for about EUR 50 mln. The mall, which opened in October last year, was bought from the Italian supermarket chain Conad del Tirreno. The property consists of 37 retail units with a total 11,800 m[sup]2[/sup] of retail space, and is earmarked for the Pradera European Retail Fund 2 (PREF 2).
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.
