French fund manager Amundi Real Estate has signed a preliminary agreement to sell the Bussolengo shopping centre near Verona in northern Italy, to hypermarket giant Auchan
French fund manager Amundi Real Estate has signed a preliminary agreement to sell the Bussolengo shopping centre near Verona in northern Italy, to hypermarket giant Auchan
The price of the asset, which was owned by Amundi RE's Italia and Europa's funds, is put at €48 mln.
Under the agreement, Auchan has paid €6 mln to Amundi, with closing of the deal planned for the end of June.
The shopping centre provides 23,246 m2 of retail space and was acquired by Amundi in December 2001 for just over €36 mln.