French investment manager Primonial REIM has acquired a retail gallery with adjoining retail park in Gonfreville L’Orcher, northern France.
French investment manager Primonial REIM has acquired a retail gallery with adjoining retail park in Gonfreville L’Orcher, northern France.
The retail asset was sold by a consortium led by AEW Europe for €71 mln. AEW Europe was acting on behalf of an institutional client, as well as Cicobail and Ciloger's SCPI Pierre Plus vehicle.
The Océane commercial gallery offers 8,000 m2 over 53 shops leased to a number of clients including Esprit, Célio, Marionnaud, and Quick. The retail park, delivered in 2006, is let to Babou and Intersport and offers 5,000 m2 of space.
Jones Lang LaSalle and DC Advisory brokered the deal.
Notary firm L’Etude Thibierge & Associés advised the vendors while l’Etude Allez et Associés acted for the buyer. Primonial REIM was also advised by law firm Fairway.
