Foram Adds to French Retail Portfolio

PARIS-Dutch investor Foram International Holdings has bought a portfolio of 40 shops across France from Eurinvest L&G. The vendor is looking to diversify its holdings into other European markets.

By Graham Parker | July 11, 2001 at 01:01 AM

The vendor was the French retail investor, Eurinvest L&G. The sale still leaves Eurinvest L&G with a portfolio of 220 retail units in France but it has a stated policy of diversifying its holdings across Europe. To achieve this it is selling properties in France to release funds for reinvestment in the retail markets of Belgium, Spain and Italy.

Healey & Baker advised Eurinvest L&G.

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