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Altaréa to buy Cap3000
French investor Altaréa is in exclusivity to buy the Cap3ooo mall in France. The 40,000 m^sup 2^ Côte d'Azur mall, worth between euro30om and «350m, first went on sale in November last year, with Jones Lang LaSaIIe and HSBC co-mandated. French retail real estate company Aldeta had the asset valued at euro341. 9m in June last year.
Italian REIT eyes stake
Italian REIT Immobiliare Grande Distribuzione has agreed to sell a 20% stake in Porta Medicea, controlled by its 100%-owned subsidiary Larice, to local construction firm CMB for euro13.1m. Porta Medicea is the owner of a mixed-use scheme to be developed on Livorno's waterfront for more than euro200m.
Vesteda issues bonds
Dutch residential property investment fund Vesteda has issued euro350m AAA-rated notes from its Vesteda Residential Funding II BV programme. The deal represents the first European CMBS deal of 2010.
Debut deal for PropertyMatch
CBRE's PropertyMatch platform has carried out the first online auction for an unlisted real estate fund. The transaction involved the sale of 112,400 units of the Blackrock UK Property Unit Trust,...