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.
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