Henderson Global Investors has bought a further 12.5% stake in Birmingham Fort shopping park from Invista Real Estate Investment Management.
Henderson, on behalf of its UK Retail Warehouse Fund, has acquired the additional interest for £26.3m.
The acquisition sees the fund manager’s interest in the shopping park increase to 50%.
Invista brought its 50% stake in Birmingham Fort to the market last October for a total of £115m. It is in discussions on the remaining 37.5% interest.
Morgan Williams and DTZ advised Henderson; CB Richard Ellis advised Invista.
annabel.dixon@estatesgazette.com
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