<p><a class="intextlink" href="https://hub.ipe.com/aviva-investors-real-estate/415529.supplier" rel="intextlink_0">Aviva Investors</a> and <a class="intextlink" href="http://hub.ipe.com/lasalle-investment-management-real-estate-homepage/415589.supplier" rel="intextlink_2">LaSalle</a> Investment Management have bought a Spanish shopping centre for their jointly managed European open-ended fund.</p>
<p>The El Tormes shopping centre in Salamanca was bought for €70m for Encore+, bringing the fund’s asset to €1.2bn.</p>
<p>El Tormes was acquired in a share deal from Retail Property Fund Iberica (RPFI), managed by <a class="intextlink" href="http://hub.ipe.com/cbre-global-investors-real-estate-homepage/415575.supplier" rel="intextlink_1">CBRE</a> Global Investors.</p>