CIC and AEW Spend $1.4B in Europe
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The deal includes Waasland and another Belgian shopping center/
ANTWERP, Belgium—China Investment Corp., China’s sovereign wealth fund, has purchased a major portfolio of European retail properties valued at about US$1.4 billion(1.3B Euros) from a fund managed by CBRE Global Investors.
China Investment Corp. acquired the properties in Franceand Belgium with affiliates of AEW Europe, according to Monday reports. The deal includes Waasland and Wijnegem, two centers near Antwerp, Belgium, as well as malls, a retail park and other stores across France, says a report from Bloomberg.
The properties have 221,000 square meters (2.4 million square feet) of space. Tenants includeH&M and Zara, according to a statement from AEW Europe…
CIC and AEW Spend $1.4B in Europe
