Meyer Bergman has invested €100m in a portfolio of properties in France.
The investment manager bought the portfolio of 38 retail and mixed-use properties for its European Retail Partners III fund.
The portfolio, which includes high street properties, retail parks and shopping galleries, was sold by a fund nearing the end of its life.
Markus Meijer, chief executive of Meyer Bergman, said: “We have been looking for the right opportunity to increase our exposure to France, and we found it with this diversified retail portfolio, which offers a number of asset management angles for us to add value.
“We are well advanced in committing the fund.”
The deal is the second for the manager’s third fund, for which it began raising capital last year.
Pension funds, sovereign wealth funds and endowments in Europe, Asia and North America backed the vehicle.
In October, the manager bought 11 prime properties in Oslo.
Meyer Bergman said it has also agreed to buy a block of prime high street properties in Dublin.
For the manager’s previous, European Retail Partners II fund, it attracted 15 pension funds, endowments and asset managers from Asia, Europe, the Middle East and North America.
The New Jersey Division of Investment and the Virginia Retirement System were among investors in MBERP II, as previously reported.