French fund manager Ciloger said it has completed the acquisition of 16 commercial assets located across France from an undisclosed seller. The transaction price amounts to EUR 115 mln. The properties, which are leased to Decathlon with nine-year rental agreements, were acquired by Ciloger for its Opportunite Placement Ciloger II fund, a newly-launched OPCI investment vehicle dedicated to institutional investors. Ciloger received approval from the French financial market authority for the creation of the fund at end-September.
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