AEW Europe's French retail fund Fondis has acquired seven retail assets in the western French city of Angers.

AEW Europe's French retail fund Fondis has acquired seven retail assets in the western French city of Angers.

The vendor of the 4,450 m2 portfolio was Amsterdam-listed property company Vastned. The investment volume was around €20 mln, 5% above the book value, Vastned said.

The assets are centrally located on Angers’s two main shopping streets and are let to FNAC, ZARA, Gain de Malice, Histoire d’Or, Numéricable, La Fée Maraboutée and Sapotille.

Fondis has an investment capacity of around €250 mln to target good quality retail assets across France.