British Land’s European retail warehouse fund PREF has raised €214m (£144m) of new equity.
The three new investors are the British Airways Pension Fund and two Danish pension funds, Kommunernes Pensionsforsikring A/S and PFA Pension Forsikringsaktieselskab.
British Land has also injected its own equity into PREF which, when fully drawn down, will give it the largest investor holding at 40% (€164m) (£110m).
PREF was launched in March 2004 by Pillar Property, which BL acquired earlier this year.
Its portfolio now comprises four income-producing parks worth more than €240m (£162m).
It has also agreed to buy three further developments on completion, and worth around €178m (£120m).
Cushman & Wakefield Healey & Baker advised.
References: EGi News 04/11/05
