Investment fund Pradera European Retail has acquired the Marina shopping centre from the property company Ballester for EUR 70 mln, Pradera's advisor Knigth Frank said on Monday. The mall is located 40 km from Alicante in southern Spain, next to the tourist town of Benidorm. Opened in 2000, the retail centre provides a gross lettable area of 36,783 m[sup]2[/sup].
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
