Regions International
June 4, 2009
TMW Pramerica Property Investment GmbH has acquired LE 31, a shopping center located in Lille, France. The purchase was carried out by way of a joint venture of two TMW funds for approximately €160M. Foruminvest France, which developed the shopping centre, will continue to manage the property in the long term on behalf of the new owner. Since its opening in September 2007, the complex has been fully let to retailers Galeries Lafayette, Adidas, Darty, La Grande Récré, Grand Optical, Pull & Bear and Bershka. The purchaser was advised by Allez & Associes and Freshfields. The sale was structured by Cushman & Wakefield Inc.
TMW Pramerica Property Investment GmbH has acquired LE 31, a shopping center located in Lille, France. The purchase was carried out by way of a joint venture of two TMW funds for approximately €160M. Foruminvest France, which developed the shopping centre, will continue to manage the property in the long term on behalf of the new owner. Since its opening in September 2007, the complex has been fully let to retailers Galeries Lafayette, Adidas, Darty, La Grande Récré, Grand Optical, Pull & Bear and Bershka. The purchaser was advised by Allez & Associes and Freshfields. The sale was structured by Cushman & Wakefield Inc.
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