French shopping centre specialist Klepierre has purchased the commercial gallery in the Avenir shopping centre in Drancy from insurance group CNP Assurances for close to EUR 71 mln. According to an article in newspaper Business Immo, the deal is part of an asset swap between the two firms under which CNP Assurances has bought from Klépierre an office building in the second arrondissement of Paris for EUR 65 mln. Both companies were advised by AEW Europe. The retail property consists of 60 stores and four restaurants.
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