Kenmore European Industrial Fund has announced that it has completed the sale of a large regional Paris-based portfolio to a private investor, for a total gross sum of EUR 59 mln. The sum reflects a net price approximately 4% below the March 2009 valuation. In addition, KEIF provided the purchaser with a vendor credit facility of EUR 6.4 mln over a two-year period.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
