Los Angeles West
- Select a country/city
- CA & Pacific NW
- Bellevue WA
- Inland Empire CA
- Los Angeles Downtown
- Los Angeles South Bay
- Los Angeles West
- Marin/North Bay
- North Bay CA
- Oakland CA
- Orange County CA
- Pacific Commercial Realty Advisors- Bakersfield
- Portland OR
- Sacramento CA
- San Diego CA
- San Francisco CA
- Seattle WA
- Silicon Valley CA
- Southern CA
- Walnut Creek CA
- MidAtlantic
- Baltimore MD
- Bethesda, MD
- McLean VA
- Philadelphia PA
- Pittsburgh PA
- Virginia (cities)
- Washington DC Area
- Wilmington DE
- Midwest
- Chicago Area
- Indiana (cities)
- Kansas City MO
- Michigan (cities)
- Milwaukee, WI
- Minneapolis Area
- Ohio (cities)
- Pacific Commercial Realty Advisors- Fresno
- St. Louis MO
- Northeast
- Boston MA
- Buffalo, NY
- Hartford CT
- Long Island NY
- New Hampshire
- New York City
- New York- Upstate (cities)
- North/Central NJ
- Providence, RI - Hayes & Sherry Real Estate Servic
- Stamford CT
- Syracuse NY
- Westchester NY
- South
- Atlanta GA
- Birmingham AL
- Fort Myers FL
- Jacksonville FL
- Louisville KY
- North Carolina (cities)
- Orlando FL
- Palm Beach County FL
- Puerto Rico
- Savannah GA
- South Carolina (cities)
- South Florida
- Tampa FL
- Tennessee (cities)
- Southwest
- Austin TX
- Dallas TX
- Houston TX
- Oklahoma (cities)
- San Antonio TX
- West
- Colorado Springs CO
- Denver CO
- Las Vegas NV
- Phoenix AZ
- Tucson AZ
- Utah (cities)
Printer Friendly Version
TMW Pramerica acquires LE 31 Shopping Centre on Rue Béthune in Lille, France
3 Jun, 2009, Lille, France
The investment company TMW Pramerica Property Investment GmbH has acquired LE 31, a shopping centre located in the heart of Lille in France (agglomeration of more than 1 million inhabitants) for two of its special funds: EuRetail and BTI.
The purchase was carried out by way of a joint venture for the two funds at 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.
Foruminvest France is a subsidiary of the Dutch group Foruminvest; investor, developer and property manager which specialises in town centre shopping centres.
LE 31 is located on Rue de Béthune, which is the fifth busiest street in France with more than 25 million pedestrians per year. Since its opening in September 2007, the shopping centre has been fully let to retailers Galeries Lafayette, Adidas, Darty, La Grande Récré, Grand Optical, Pull & Bear and Bershka.
Boasting an underground car park run by Q-Park comprising 585 parking spaces, the shopping centre offers shop units of between 395 sq.m and 15,800 sq.m (Galeries Lafayette) and a total lettable area of 22,000 sq.m. The centre also provides 600 jobs.
On the basis of a net yield of 6.05%, the sale has confirmed the Foruminvest Group strategy and will reinforce its development of further high potential schemes throughout Europe.
The purchaser was advised by ALLEZ & ASSOCIES and FRESHFIELDS. The vendor was advised by K L & ASSOCIES and LEFEVRE PELLETIER & ASSOCIES.
The sale was structured by CUSHMAN & WAKEFIELD which was instructed by the vendor on an exclusive basis.
back to real estate News & Events
|
