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Morzal Properties acquires four shopping centres from Unibail for €489m
On July 31, 2018, Unibail-Rodamco-Westfield (URW) disposed of four regional shopping centres in Spain to Morzal Properties Iberia S.L. The total transaction cost is €489m and represents a net initial yield of 5.6%. Morzal Properties is part of the South African fund Vukile, which has signed an agreement for the…
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