LONDON-UK REIT British Land has called on Internos Global Investors to provide asset management services to its Pillar Retail Europark Fund (PREF). The deal, reported by several European media outlets, including website Property EU, brings funds under management at Lond0n-based Internos to $5.5 billion (€4.1B).
PREF is a Luxembourg-based, closed-end FCP currently backed by British Land and a group of institutional investors. It owns ten retail parks in Spain, France, Portugal and Italy with a collective value of $311 million (€230M).
As part of the integration of the management of the fund, most of British Land's personnel in Spain and France have transferred to Internos.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
