French listed retail property specialist Mercialys has sold a portfolio of commercial shopping galleries in a number of French regional cities to local asset manager Primonial REIM. The transaction price amounted to nearly EUR 150 mln, the company said on Friday in a statement.
French listed retail property specialist Mercialys has sold a portfolio of commercial shopping galleries in a number of French regional cities to local asset manager Primonial REIM. The transaction price amounted to nearly EUR 150 mln, the company said on Friday in a statement.
The acquisition was made on behalf of a Primonial-managed OPCI vehicle for institutional investors.
The package comprises a total of 10 retail galleries adjacent to Géant Casino and Leclerc hypermarkets. The stores count a total of 220 international and local tenants.
Primonial REIM was advised by law firm 14 Pyramides as well as CGR Legal while notary firm Wargny Katz acted for the vendor.
