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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

European firm sells six UK shopping centres

A European property firm which owns a portfolio of six UK shopping centres has been bought out.

Dutch pension fund Stichting Mars Pensioenfonds has offloaded one of its companies, Real Estate Investments Nederland, in an undisclosed deal to Irish family-owned firm Martin Property Group.

The sextet of shopping centres covers 1.2 million sq ft and comprises Ankerside in Tamworth, Staffordshire, and Clarendon in Hyde and Exchange in Rochdale, both in Greater Manchester.

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