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PARIS-The Polish competition authority has given the go-ahead for the $920-million acquisition by French-Dutch shopping centre REIT Unibail-Rodamco of shopping centre investor Simon Ivanhoe. Simon Ivanhoe, a jointly-held unit of US retail mall REIT Simon and Ivanhoe Cambridge, holds shares in seven shopping centers in France and Poland.

The deal was announced in February, but the acquisition of the Arkadia and Wilenska malls in Poland was subject to approval by the nation’s Office of Competition and Consumer Protection. Arkadia is the largest asset in the portfolio with a total retail area of 1.1 million square feet, making it one of the biggest malls in CEE. Poland made approval conditional on Unibail-Rodamco relinquishing its management role at the Zlote Tarasy shopping centre.

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