Regency and Macquarie to Purchase 101 Shopping Centers

Jacksonville, Fla., The Regency Centers Corp. and the Macquarie CountryWide Trust of Australia together will buy 101 shopping centers from the California Public Employees’ Retirement System for about $2.74 billion, according to the companies. Sydney-based real estate investment trust Macquarie will own 65% of the scheme, while Jacksonville, Fla.-based Regency will own the rest, according to Bloomberg News.

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