news release (Sweden)

Scottish Widows Investment Partnership adds €19.3 million property to its European real estate portfolio with the purchase of Coimbra Retail ParkScottish Widows Investment Partnership (SWIP), the asset management arm of Lloyds TSB, has purchased the Coimbra Retail Park in Portugal for €19.3 million. This is a significant purchase for SWIP, following in-depth research of the European real estate market. The property was purchased on behalf of a European real estate portfolio which already contains three properties in France. The retail park has a net initial yield of 6.65%, expected to rise