SCBSM buys EUR 150 mln property company

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.

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