BNP Paribas Real Estate Investment Management is creating a new OPCI investment vehicle, SPF1, which will seek to invest around EUR 500 mln in the French retail property sector over the next three years. The vehicle has already completed its first acquisition with the purchase last month of a EUR 160 mln portfolio from the Casino Group. The French retailer is also an investor in the new OPCI fund alongside a number of other institutions.
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