French property company Klemurs, part of the Klepierre group, has reached agreement with Fonciere Montel on the acquisition of 112 retail outlets for an estimated EUR 153 mln. The retail properties are operated by the Defi Mode chain and other nationwide brands and are either owned outright or held under property financing leases. They are located in the suburbs of mid-sized cities throughout France and cover a total 99,000 m[sup]2[/sup].
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