Chinese Wealth Fund Acquires European Property In 1.3 Billion Euro Deal

A partnership between a subsidiary of China Investment Corporation and affiliates of AEW Europe has acquired a sizeable portfolio of ten shopping centres in France and Belgium. The portfolio was sold by CBRE Global Investors on behalf of its CBRE Retail Property Fund France Belgium CV (RPFFB).

The portfolio - which is valued over EUR 1.3 billion by RPFFB - comprises interests in two dominant prime shopping centres in Belgium, Waasland and Wijnegem, which are both located near the city of Antwerp. The remaining eight assets are located across France, including the large urban shopping centres La Vache Noire in Paris and Mayol in Toulon, as well as inner-city shopping centres, a retail park and a group of high street retail assets.

The portfolio, which attracted significant interest, was marketed as of January this year with the objective to maximize value and create liquidity for the fund’s limited partners ahead of the fund’s termination date later this year. With this sale the full wind down of the closed end fund that was launched in 2003 has been completed.




Top stories from across the globe

  • The Future of Banking: Truth is Rarely Pure and Never Simple
  • Top Money Manager: «We Avoid Tesla Because of Elon Musk»
  • 1MDB and the Affected Banks: 100 Headlines
  • The Man Who Turned Down Marilyn Monroe
  • The Seven Conditions for Good Succession
  • The (Slow) Death of U.K. Investment Banks

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.