After the unprecedented meltdown of the global financial sector, property professionals appeared to be in a mood of quiet resignation at the Mapic retail fair in Cannes last week. While official visitor figures have not yet been released, the impression of many attendees was that numbers were down on previous editions and the champagne was flowing visibly less freely than in the past.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
