Grosvenor Fund Management is acquiring two shopping centers in Marseille and Reims in France, PropertyEU reports. The private equity fund manager will pay a total of about €150 million for the acquisition. The properties are being sold by Unibail-Rodamco as part of its strategy to focus on dominant shopping malls. On the deal, which is scheduled to be signed by the end May 2011, C&W will be advising the vendor.

Click here for the story from PropertyEU.