Redevco sells French assets for EUR 75m

Dutch property company Redevco has signed an agreement to sell 19 assets in France to a fund managed by Cleaveland for a total EUR 75mln. The portfolio consists of nine retail shops in Paris, a retail park in Ile de France, two logistics warehouses in the Lyon region and three mixed-use retail and office assets in the Paris area. The portfolio provides about 55,317 m[sup]2[/sup] of space, which compares to Redevco's total French portfolio of 390,000 m[sup]2[/sup] .

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