Real estate investment manager PRUPIM has purchased the Wellgate Shopping Centre in the Scottish city of Dundee from HBG UK's property development unit through its M&G property fund for EUR 122 mln. HBG acquired the shopping mall in June 2003 and invested in a revamp scheme which included the creation of a new food court that houses food chains Subway, Fat Jackets and Ashoka.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
