Klepierre's listed subsidiary Klemurs has acquired a portfolio of 77 retail outlets across France from French property company Fonciere Montel and retail footwear group Vivarte for EUR 104mln. The transaction, which was first agreed in December 2007, involves a total 87 outlets to be purchased this year, of which Klemurs has now been transferred ownership of 77. The deal reflects a net initial yield of 5.68%.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
