Swiss pension fund BLPK has sold 23 properties valued at EUR 137 mln to asset manager Avadis. The deal involved BLPK obtaining an interest in Avadis equal to the value of the assets sold. The assets are located in and around the Swiss city of Basel, north-west of the country.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
