Altarea, ABP and Predica buy Cap 3000 for EUR 450m

By A staff reporter 2010-05-07T00:00:00

A joint venture of French retail specialist Altarea, Dutch pension fund ABP and Crédit Agricole Assurances' Predica unit has acquired the Cap 3000 shopping centre in Saint-Laurent du Var, near Nice from Galeries LaFayette. The transaction price of EUR 450 mln reflects a yield of 4.65%.

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