PARIS—Orion European Real Estate Fund IV sponsored by Orion Capital Managers LLP has bought the 62,874 square-meter Domus Shopping Center on the eastern outskirts of Paris. The firm is said to have paid around $97 million (EURO 70 M).
The seller was KP Investments, a subsidiairy of Rabo Real Estate Group, according to a website of European Real Estate Publishers, Co.
Domus was completed in 2006 as a covered shopping center focused on home products and furnishings. It is anchored by both local and international home retailers.
Aref Lahham, managing director and a founding partner of Orion Capital Managers, told the website: “our business plan is to capitalize on the new tenants and to relaunch Domus with a comprehensive marketing campaign and capital investments to improve the customer experience.”
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