French Societe Centrale des Bois et Scieries de la Manche (SCBSM) is acquiring a real estate company with a property portfolio of about EUR 150 mln, newspaper Business Immo has reported. Some 45% of the portfolio comprises shopping centres in the Paris region, 24% of retail parks and 28% of office buildings in the Paris area. The purchase is being financed by the Royal Bank of Scotland.
Pan-European real estate investor Europa has appointed Ed Crockett to the newly created role of head of residential investment UK & Europe.
