British Land active in Continental Europe for the first time (UK)

British Land is investing €124 mln in retail fund PREF, which comprises €1 billion, according to Property Week. The fund was founded in March 2004 by Pillar Property. Besides the purchase from Pillar, British Land also has bought a €40 mln share in the fund, but this is the first time that the company itself invests.

Source: Immobilien Manager

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