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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
French Altarea agrees E450m Cap 3000 mall purchase
French shopping centre REIT/SIIC Altarea Cogedim and main shareholders Predica and ABP are to buy Galeries Lafayette's Aldeta mall unit whose main asset is the Cap 3000 mall in the south of France. The deal values Cap 3000 at E450m, representing an initial net yield of 4.65%.