UK property asset manager Capital & Regional has sold an 80% stake in its £180 mln (EUR 235 mln) FIX trade park fund to a consortium led by Paradigm Real Estate and the Bank of Scotland. The investors paid close to £55 mln for an 80% stake in FIX, which owns about 50 trade parks with a total of 93,000 m[sup]2[/sup] of space.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
