Grosvenor has sold two French retail property assets to NAMI-AEW Europe for 鈧�188m, five years after purchase.
Europe said it bought the assets for the OPCI Franceurope Immo, SCPI Fructifonds Immobilier and SCPI Laffitte Pierre vehicles.
Arse虁ne Marques, deputy managing director at NAMI-AEW Europe, said: 鈥淚n line with the investment strategy of the three funds involved in the acquisition, these two shopping centres have strong performance records and are well established in their prime, high-footfall locations.鈥�
The 9,960sqm and 11,160sqm assets, in Marseille鈥檚 Bonneveine and in Cha虃lons Croix Dampierre, are anchored by Carrefour hypermarkets.
A Grosvenor-led group bought the assets in 2011 in a joint venture with Dutch pension fund bpfBOUW鈥檚 investment subsidiary REIM, paying Unibail-Rodamco 鈧�148m for the two shopping centres.
