The Columbus UK Real Estate Fund, advised by Schroders' Columbus Capital Management, and the Chester Properties Investment Partnership have joined forces to acquire the Brandon shopping centre in Motherwell, UK. Although the price of the acquisition was not disclosed, market sources say that Cala Properties sold the scheme at a £30 mln (EUR 35 mln) loss. The company paid £65 mln to buy the complex back in 2007.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
