Issue 2012 July 10th

This issue was created on 2012-07-10 14:18:00

  • French grocer backs Italian retail fundJuly 10, 2012
BNP Paribas REIM and Gallerie Commerciali Italia (GCI), a company which is part of the Auchan French grocery group, have sealed an agreement to set up the Prime Shopping Value closed-end real estate fund. GCI will put 15 retail properties (13 shopping centres and two retail parks) into the fund, with the retail properties located throughout Italy and, said the company, characterised by rent contracts with “high-standing operators and retail chains”.
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