Orion European Real Estate Fund IV has bought the 62,874 square-meter Domus Shopping Center on the eastern outskirts of Paris.

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.”

Click European Real Estate Publishers to read the full story.