Search
 

Resolution Pays $106M for Troyes Outlet

PARIS-A Henderson Global Investors fund sold the mall. McArthurGlen will remain a co-investor and will manage and lease the property.

By Allan Saunderson | Updated on May 17, 2010

PARIS-UK-based real estate investor Resolution Property has acquired the McArthurGlen Troyes designer outlet village in central France from Henderson Global Investors’ European Outlet Mall Fund for $106 million. The purchase is Resolution’s first in France and was made for its Resolution Real Estate Fund III LP. Financing was provided by German bank Helaba.

McArthurGlen is a developer, owner and manager of designer outlet villages in Europe, and Troyes, opened in 1995, was its first designer outlet village in continental Europe – acquired by Henderson in 2004. Located around 90 minutes from Paris, it offers 323,000 square feet of retail space and 118 units and attracts some 3m visitors annually. McArthurGlen will remain a co-investor in McArthurGlen Troyes after the change of ownership and be responsible for managing and leasing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.