Union Buys €63M Bordeaux Mall Stake
Union Investment Real Estate is expanding its retail portfolio in France.
Union Investment Real Estate is expanding its retail portfolio in France, PropertyEU reports. The Hamburg-based investment manager has bought a 80% stake in the OPCI vehicle, which owns the Géant shopping centre in Bordeaux, for about €63 million.
Developer Mercialys will retain a 20% stake in the property and also manage the shopping centre. The OPCI will be managed by Union Investment Real Estate.
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