Grosvenor buys French commercial portfolio

Grosvenor has acquired a portfolio of 10 commercial properties across France for EUR 24 mln. The assets, covering a total area of 11,000 m2, include six premises with 5,800 m[sup]2[/sup] in Metz, northeastern France, a 1,000 m[sup]2[/sup] building in Chartres and an additional 1,600 m[sup]2[/sup] premise in Morez, eastern France. The portfolio also includes two modern retail units providing 2,100 m[sup]2[/sup] of space in France's Lorraine region. The assets are located next to two Leclerc and Carrefour hypermarkets. Grosvenor is an international private property group that operates through four companies based in Great Britain-Ireland, the Americas, Continental Europe and the Australia-Asia Pacific region.

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