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ImocomPartners buys French retail park for €97M

Property fund manager ImocomPartners acquired a 53,000-square-meter retail park in Toulouse, France, for €97 million, Property Investor Europe reported.

The property in Saint-Orens is the second asset acquired with funds from ImocomPartners' third fund, which raised €100 million in June, according to the report.

The retail park has a catchment area of 700,000 people, and its 26 stores are fully occupied by retailers including Boulanger, Castorama, Alinéa and Decathlon.