French retail specialist Altarea, pension fund giant ABP and life insurer Predica have created a new vehicle, Altablue, through which to conduct their purchase of the Cap 3000 shopping centre in Nice. The three partners bought the mall from Galeries Lafayette in early May for EUR 450 mln. The deal reflects a net initital yield of 4.65%.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
