Redevco has acquired the Pont-de-Pierre retail park in Garges-lès-Gonesse, France, on behalf of the Redevco European Retail Parks (RERP) fund. This transaction marks the fund’s first investment in France, further expanding its presence across key European markets. The acquisition builds on recent transactions in Belgium, Germany, Spain and the United Kingdom, bringing its portfolio to 12 assets. The fund is advised by Redevco, one of Europe’s leading real estate companies with assets under management of around €10.5 billion ($12 billion).
Located 12 kilometers (7.5 miles) north of Paris within the established La Muette business park, the Pont-de-Pierre commercial park comprises more than 32,000 square meters (34,445 square feet) of gross lettable area (GLA), including 16 retail units and 1,000 parking spaces, on a total site of 103,000 square meters (1.1 million square feet). Since opening in 2002, it has become one of the 10 largest retail parks in the Ile-de-France
