MAB Funds Management has launched the MAB International Retail Trust.
MIRT is an unlisted trust seeking to raise $37 million to invest in the grocery anchored shopping centres.
MAB FM has formed a joint venture, MAB Rosenthal, with US-based property specialists, Rosenthal Realty Investment Management.
MIRT’s initial portfolio will comprise three properties in Charlotte, North Carolina, including the Eastfield Village – anchored by Lowes Foods; the Terraces at Park Place – anchored by Bi-Lo and the Cheshire Centre – anchored by Food Lion
The trust has also purchased a property in Charleston, South Carolina in the Summerville Plaza, which is anchored by Piggly Wiggly, Eckerd Pharmacy.
By Adam Parsons
