| China's sovereign wealth fund bought retail properties in France and Belgium valued at about 1.3 billion euros (US$1.4 billion) from a fund managed by CBRE Global Investors. China Investment Corp acquired the properties with affiliates of AEW Europe, according to a statement Monday. The deal includes two shopping centers near Antwerp, Belgium, as well as malls, a retail park and other stores across France, CBRE Global Investors said.
International investors are buying retail properties in continental Europe to take advantage of a nascent economic recovery. Offices, shops and logistics buildings valued at 87.3 billion euros changed hands in the first quarter, 25 percent more than a year earlier, according to data compiled by BNP Paribas Real Estate...............................................Full Article: Source
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