Listed French commercial real estate company Mercialys has confirmed the acquisition of five shopping centres on the French island of La Reunion in the Indian Ocean. The shopping centres, with a total surface area of 28,700 m2, are being bought from Vindemia, a wholly owned subsidiary of French retail group Casino, for just over EUR 73 mln. The centres comprise 127 shops and mid-sized specialty stores. Gross rental income for the properties comes to EUR 5.3 mln for 2007. The deal was originally signalled on 19 October.
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