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Multi sells Madrid asset
Multi has sold Espacio Torrelodones, north-west of Madrid, to Cono for euro65m, at a net yield of around 7.5%.
Eroski unloads retail centres
Spanish supermarket chain Eroski is in due diligence to sell two mid-sized shopping centres in Spain: the Ballonti shopping centre in Portugalete and the Parque Almenara in Lorca, to French property fund STAM Europe. The Ballonti centre is being sold for nearly euro7om, reflecting a 7.5% net yield; the Parque Almenara reflects an 8% net yield with two-year rental guarantee.
Tenzing to launch housing fund
Swedish advisory Tenzing is to launch a retirement housing fund, backed by three Swedish pension funds. The vehicle will invest SKr2bn (euro205.4m) in the retirement home sector (see Company profiles, p16).
Sénat approves rent index
A new index for French rents has been approved by France's Sénat. L'flat (indice des loyers d'activités tertiaires) was adopted this month. The index had been rejected by France's constitutional council in January.
Hammerson appoints Mouton
Hammerson has appointed...