Apsys sells French retail park for EUR 24m

By A staff reporter 2012-10-04T00:00:00+01:00

French property developer Apsys has announced the sale of the Parc de la Jaufertie retail project, located in Soyaux, Western France, to the ImocomInvest OPCI investment vehicle managed by ImocomPartners. The transaction price amounts to EUR 24.5 mln, with Société Générale providing financing to the buyer.

French property developer Apsys has announced the sale of the Parc de la Jaufertie retail project, located in Soyaux, Western France, to the ImocomInvest OPCI investment vehicle managed by ImocomPartners. The transaction price amounts to EUR 24.5 mln, with Société Générale providing financing to the buyer.

Le Parc de la Jaufertie provides a total of 16 000 m² of retail space over 20 shops. The scheme is due to open in the spring of 2013.

Apsys is retaining the management of the centre.

RCG and law firm Cheuvreux advised Apsys on the sale. Law firm Ginisty acted for ImocomPartners.