NewRiver Retail, the UK specialist REIT focused on the retail sector, announces that it has completed the acquisition of a major portfolio of five UK shopping centres from the CPI Retail Active Management (CReAM) fund. The portfolio was acquired in an off-market deal for approximately £53 mln (EUR 63 mln), or a net initial yield of 8.35%.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
