The municipal authorities in the Spanish coastal town of Benidorm have approved the development of a new shopping centre to be built by Franco-Dutch property development group Unibail-Rodamco. The project consists of around 40,000 m[sup]2[/sup] of floor area including a large hypermarket and 2,200 parking spaces.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
