French asset manager Primonial REIM has finalised the acquisition of a portfolio of two commercial assets in France from Unibail-Rodamco for an undisclosed amount.
The purchase, which was made on behalf of a Primonial fund, involves the Channel Outlet Store in Coquelles, near Calais in northern France, and the Usine Roubaix asset in Roubaix, near Lille, also in Northern France.
The assets provide around 33,000 m² of space over 145 units, with occupiers including Nike, Adidas, Hugo Boss, Zadig & Voltaire, and Calvin Klein.
The portfolio will continue to be managed by Advantail.
Primonial REIM was advised by notary firm Allez & Associés, law firm LPA-CGR and Orfeo on the technical side. Unibail-Rodamco was advised by Knight Frank and notary firm Ginisty & Associés.
