Tikehau IM has invested €240m ($262m) in a French retail property portfolio.

The 35 assets were sold by private investors to Tikehau Retail Properties III, a French OPCI vehicle owned by Tikehau Capital Partners and institutional investors.

Natixis and Crédit Foncier financed the purchase with senior debt.

The 2.1bn sqft portfolio is based around Paris, as well other French regions.

The portfolio includes 102 retail units leased to brands including Maxi Toys, Leader Price, Besson and C&A.

Tikehau IM said its real estate team now had more than €550m in assets under management.

Catella Asset Management, which advised Tikehau on this acquisition, will asset manage the portfolio.