Netherlands-based VastNed Retail has acquired a EUR 97 mln high-street portfolio in Lille, France's fourth largest city. Comprising 56 shops and over 100 apartments, the properties were bought from two private individuals at a net initial yield of 5% and have a total lettable area of 12,000 m[sup]2[/sup].
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
