French SIIC Compagnie Fonciere Internationale (CFI) and insurance group CNP-Assurances have signed an agreement to purchase a portfolio of 11 cinema complexes in France for an undisclosed amount. The properties, which are fully leased to European cinema operator UGC, are located in Paris and its surroundings as well as other major French cities including Caen-Mondeville, Strasboug, Nancy-Ludres and Toulouse.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
