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Record transaction levels for French retail: Savills

Posted on 18 November 2010

From Propertyeu.info: Retail assets have accounted for 31.5% of total commercial investment in France since January 2010, according to property adviser Savills. This represents a record high volume of EUR 2.5 bn, up 247% compared to the same time period in 2009.
Sales of shopping centres and malls accounted for 64% of the market, totalling EUR 1.6 bn, including the acquisitions of Cap 3000 by Altaréa/ABP/Predica for EUR 450 mln, 75% of Espace Saint Quentin bought by Allianz and 51% acquired in O’Parinor by Korean pension fund NPS……………………………………….Full Article: Source


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