ING Real Estate Investment Management France has bought the Société EMA for its Retail France Belgium Fund. EMA holds participations in eight shopping centers in France. The amount of the investment is approx. €70 million for a total surface of 18,000 m².
The operation concerns the shopping centers Carrefour de Berck, Mont-Saint-Aignan, Ollioules, Puget-sur-Argens, Reims, Sannois, Tourville La Rivière and Auchan de Biganos. Because of these new acquisitions, the ING Retail Property France Belgium now has participations in a total of 16 shopping centers.
Source: Business Immo