Germany's GLL Real Estate Partners has announced the acquisition of Les Cordeliers shopping centre in the French city of Poitiers on behalf of its GLL Retail fund. Financial details were not disclosed.
Germany's GLL Real Estate Partners has announced the acquisition of Les Cordeliers shopping centre in the French city of Poitiers on behalf of its GLL Retail fund. Financial details were not disclosed.
The mall, providing some 16,000 m2 of retail space across 40 stores, is the fund's second transaction in Europe. The shopping centre is being acquired from a joint venture of Klépierre and ING Real Estate Retail Property Fund France Belgium.
The buyer was advised by Draco Partners, Gide Loyrette Nouel, Wargny Katz and Winston & Strawn. GLL Retail is a EUR 2 bn fund which focuses on shopping centres across Europe, Asia and America.
