LaSalle provides €21 million mezzanine financing to support prime retail acquisition in Cannes (FR)

Only a few weeks away from MAPIC, LaSalle Investment Management  has provided mezzanine financing of €21 million to support Thor Equities’ purchase of a prime retail parade on Boulevard de la Croisette in Cannes, France.
 
The portfolio comprises eight prime retail units located on the Boulevard de la Croisette, which stretches for some 2km along Cannes’ Mediterranean shoreline and is renowned for its high-end hotels and shops. The property provides circa 2,300 m² of retail space let to some of the best luxury retailers in the world including Jimmy Choo, Burberry and Brioni. Thor Equities, owner of the Burlington Arcade in London, is a strategic investor in prime retail properties around the world

on October 31, 2012