French real estate company Affine said it is launching a new investment unit, Capucine Investissements, aimed at city-centre shopping malls throughout the country. Headed by Nino Amor, the new subsidiary will be listed as a SIIC, the French equivalent of a real estate investment trust. The company said that the initial investment for the company is estimated at EUR 150 mln. The move is in line with the company's strategy to strengthen its commercial property development segment.
French real estate company Affine said it is launching a new investment unit, Capucine Investissements, aimed at city-centre shopping malls throughout the country. Headed by Nino Amor, the new subsidiary will be listed as a SIIC, the French equivalent of a real estate investment trust. The company said that the initial investment for the company is estimated at EUR 150 mln. The move is in line with the company's strategy to strengthen its commercial property development segment.