NORWICH, UK-Infrared European Active Real Estate Fund has closedthe acquisition of the Castle Mall Shopping Centre situated inNorwich for GBP 77.3 million. The company has purchased the retailproperty from The Mall Fund, managed by Capital & Regional.
The price was in line with the valuation of the retail center inJune 2012. The Mall Fund will have approximately GBP 577 million ofdebt following the sale and related debt repayments and this willmeet its 2014 amortization goal under its CMBS. For the fullstory, go to PropertyMall .
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