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Pimco Makes Contrarian Bet on Beleaguered U.K. Retail Property

May.23 -- Allan Lockhart, chief executive officer of NewRiver REIT Plc, discusses the company's joint venture with Pacific Investment Management Co. LLC to buy four U.K. retail parks from Zurich Assurance Ltd. for 60.5 million pounds ($76.3 million). "Pimco share our view that the current market dislocation is providing very attractive buying opportunities,” Lockhart said on "Bloomberg Markets: European Open."

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