PREF, the closed-end European out-of-town retail property fund part-owned and advised by British Land, has exchanged contracts with HERALD, the Henderson European Retail Property Fund, for the sale of five European retail parks, as well as 50% of PREF's stake in the Spanish regional shopping center, Nueva Condomina in Murcia.
The retail parks, located in Italy, Belgium and Switzerland, are being acquired for a consideration of
