Catalyst Capital has invested €100m in a French shopping centre.
The investment manager bought the Domus shopping centre at Rosny-sous-Bois near Paris.
The 62,633sqm centre, built in 2006, was bought by Catalyst for its value-added European Property Fund II (CEPF II).
The centre includes 70 shops and has an occupancy rate of 94%.
Fabrice de Clermont-Tonnerre, partner at Catalyst Capital, said: “We are excited about the opportunities at Domus and its growth potential
“It is located in a fast-changing retail cluster, which will benefit from the construction of more than 1,300 homes in the next three years and a new metro station in 2021.”
Catalyst announced the final close of CEPF II late last year, targeting €1bn of investments.
Around €850m of real estate across Europe has been bought for CEPF II, including the Regatta and Eva portfolios, which total 34 properties in the UK and Project 10, a €200m German office and retail portfolio bought in August.