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- December 1, 2011: Vol. 5, Number 11

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M&G Invests in Finland, Germany and Sweden

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The managers of the M&G European Property Fund have acquired three northern European properties with a combined value of €50 million.

“We will be looking at similar assets in the months ahead in line with our core strategy in Europe, and as investors continue to favour European property,” says Rob Tidy, co-fund manager of M&G European Property Fund.

The acquisitions include a 10,500-square-metre retail park in Vantaa, Finland, acquired for e19.8 million; Burlöv Retail Warehouse in Malmö, Sweden, which comprises 7,177 square metres of space and had a purchase price of SKr 114 million (€12.6 million); and the 10,000-square-metre Marktkauf Hypermarket in Rinteln, Germany, acquired for €17.6 million.

 

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