International shopping centre specialist Sonae Sierra and Paris-listed Fonciere Euris have announced that 90% of the 56,500 m[sup]2[/sup] of gross lettable area of their Loop5 development in the southern German town of Weiterstadt is committed. The shopping and leisure project involves an investment of EUR 265 mln and is expected to open in the autumn of 2009.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
