Sonae Sierra, AIG Global Real Estate Investment Corp and Coimpredil inaugurated the Freccia Rossa shopping and leisure centre in Brescia, Italy, on Tuesday. With a Gross Lettable Area (GLA) of 29,700 m2, Freccia Rossa represents a total investment of EUR 144 mln and is owned by a joint venture of Sonae Sierra (50%), AIG Global Real Estate Investment Corp (40%) and the Brescia-based company Coimpredil (10%).
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
