£20M of retail assets acquired for JV

April 2017

Prime Retail has acquired four prime retail assets for a total of £20m on behalf of a JV between a private property company and a major UK property fund.

Prime Retail introduced the parties and agreed terms to acquire the UK assets as part of the JV. All were purchased in the first quarter of this year.

The partnership aims to acquire short-term income that provides value-added opportunities to create long- income investment assets.