SIIC-listed property company Affine has acquired the Target company, owner of shopping developments in Saint-Etienne and Paris. Gallerie Dorian, owned by Target, has therefore been transferred to Affine, French newspaper Business Immo has reported. The price for the acquisition was not disclosed.
SIIC-listed property company Affine has acquired the Target company, owner of shopping developments in Saint-Etienne and Paris. Gallerie Dorian, owned by Target, has therefore been transferred to Affine, French newspaper Business Immo has reported. The price for the acquisition was not disclosed.
The asset is situated in the heart of Saint-Etienne, in Loire, and provides a 5,500 m2 retail area on two levels. The main tenants are FNAC and la Grande Recre, besides a dozen other stores and restaurants. Through the transaction, Affine has also obtained a 1500 m2 retail and office development in the Gamma tower, in the 12 arrondissement (district) in Paris.
Affine is a French company specialised in development and construction. At the beginning of 2006, it acquired the Belgian property company Banimmo.
