Real estate group Redevco has sold its C&A stores in Lille and Marseille to a BNP Paribas REIM France-controlled investment fund for an undisclosed fee.
4,500 sqm of prime real estate
The buildings have a total 4,500 sqm store area and are both part of a shopping centre at a prime location: Passage des Tanneurs in the heart of Lille and Grand Littoral north of Marseille, which is the fourth largest shopping paradise in France.
Redevco France had, prior to this sale, 79 buildings located in large French cities in its portfolio, worth nearly 1 billion euro. It is not clear how much the new owner has paid for both buildings.