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“Grosvenor has acquired a portfolio of five high-street assets from a private vendor based in Strasbourg. The units are to be found in rue de la Haute Montée and rue des Grandes Arcades in Strasbourg, as well as in the Cours Mirabeau in Aix-en-Provence. The transaction price was €26.5 million.
The portfolio has a total area of approximately 2,230 sqm, with all units benefiting from prime retail locations, a priority for the national and international tenants such as Esprit, American Apparel, SAGAand SFR.
Grosvenor is continuing to build upon its retail portfolio in France, where the Group currently manages over 100,000 sqm of both high-street and retail-park assets. The new acquisition has been carried out by its French fund, which benefits from an OPCI regulated structure. Further acquisitions amounting to €200 million are at an advanced stage of discussion.
Allez&Associés were the legal advisors to Grosvenor for the transaction” (CS della Società)
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