European real estate investment fund Meyer Bergman is the frontrunner in a bid to acquire a community shopping centre in Ilford, UK, market sources close to the process told PropertyEU. The asset is being sold by the Mall Fund, which is managed by Aviva Investors. The property, including over 70 stores, is expected to fetch around £70-80 mln (EUR 78-89 mln), reflecting a yield of over 7%. CB Richard Ellis is advising the seller on the sale.
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