UK property company Grosvenor has sold a retail portfolio in France to French fund manager Ciloger for around EUR 18 mln.
UK property company Grosvenor has sold a retail portfolio in France to French fund manager Ciloger for around EUR 18 mln.
The properties, which are located in the city centres of Paris, Lyon and Cannes, offer some 2,000 m2 of retail space and are fully let to national brands, French newspaper Business Immo reported. They have been acquired on behalf of two OPCI investment vehicles managed by Ciloger, Ecureuil Immo and La Banque Postale Immobiliers.
Grosvenor was advised by The Retail Consulting Group and Cushman & Wakefield.
