Foncière Développement Logements (FDL) has signed letters of intent with two of its institutional shareholders, Cardif and Covéa Group's MMA, for the transfer of 339 housing units in France to its real estate portfolio. The transaction value amounts to a total of EUR 100 mln, excluding transfer duties. FDL will pay for these assets through the issue of new shares at a price of EUR 18.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
