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M&G Real Estate acquires 50% stake in Edinburgh retail centre

M&G Real Estate has acquired The Crown Estate’s 50% stake in Fort Kinnaird retail centre in Edinburgh. The investment into the £334.5 million (c. €380.61 million) asset has created a new joint venture with Hercules Unit Trust (HUT). British Land owns 78% of HUT and is the property advisor of th[…]