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| | PILLAR’S EUROPEAN RETAIL PARK FUND ACQUIRES TWO MAJOR RETAIL PARKS IN ITALY AND BELGIUM 68,800 m2 (740,556 sq ft) : ... (Site not responding. Last check: 2007-10-14) |
 | | Fidenza Retail Park was forward acquired from the developer UNIECO (one of the largest cooperative construction groups in Italy) for a total consideration of €60 million euros, representing a gross yield of 7.75%. |
 | | Development of phase 1 of retail space (consisting of 25,215m2 / 271,412 sq ft) is scheduled to begin in September 2005 and be open for Summer 2006. |
 | | The newly developed retail park which opened in August 2004 comprises 33,800m2 (363,800 sq ft) and includes leading European retail tenants such as Carrefour, C&A, Zeeman-Hattern, Brantano, Decoupe and JBC Mod. |
| www.pillarproperty.co.uk /news/news_detail.jsp?id=2388 (476 words) |
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