Grosvenor Europe sells retail warehouse portfolio

Grosvenor Europe (Grosvenor), one of four operating companies of the privately-owned international property group, Grosvenor Group, has completed the sale of a portfolio of French retail warehouses.

5th September 2017

Grosvenor Europe (Grosvenor), one of four operating companies of the privately-owned international property group, Grosvenor Group, has completed the sale of a portfolio of French retail warehouses.

The portfolio of eight assets across France was sold to a fund managed by Amundi RE.

Grosvenor acquired the assets on behalf of its French retail fund between 2006 and 2010. The assets comprising a total 35,000 sqm house significant national brands including But, Decathlon and King Jouet.

Grosvenor was advised by Rothschild & Co (Edouard Corbière, Benoît Thébault) and Allez & Associés. Amundi was advised by Othrys, Thibierge and Gide.

ENDS

For more information contact:
Rebecca Dwyer, Press Office
Grosvenor
020 7312 6101
pressoffice@grosvenor.com

Notes to Editors

Grosvenor Europe

Grosvenor Europe invests, develops, operates and manages real estate assets and funds, with a focus on six European cities: Paris, Lyon, Stockholm, Madrid, Milan and Liverpool. We specialise in mixed-use property, with strong expertise in retail and leisure and adopt a long-term, value-add approach. We work closely with our international partners, utilising the knowledge of our local teams to provide access to local European markets. We strive to bring our ‘Living cities’ philosophy to life, creating places that are economically, socially and environmentally sustainable.

Previously known as Grosvenor Fund Management, as at 31 December 2015 we managed £3.5bn / €4bn of assets, including a portfolio of historical buildings in the heart of Lyon’s city centre in France, Liverpool ONE in the UK and Skärholmen Centrum shopping centre in Stockholm. www.grosvenor.com   @GrosvenorEurope

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