EDF Invest completed the acquisition of a 49% minority stake in Espace Chanteraines Retail Park from Altarea Commerce.

EDF Invest, a private equity investment firm, completed the acquisition of a 49% minority stake in Espace Chanteraines Retail Park from Altarea Commerce, a property developer, land developer, asset manager and investor. Financial terms were not disclosed. "We are very pleased to welcome EDF Invest as a new institutional partner. This partnership concerning the Espace Chanteraines Retail Park confirms the quality of this asset and reinforces the relevance and solidity of our partnership model. It also reflects the strategic dynamic pursued by Altarea Commerce: diversifying our partnerships, creating new growth drivers, and continuing to invest in attractive retail locations, rooted in local territories and resilient to sector changes. This first partnership with EDF Invest opens the way for new collaboration opportunities that we will be keen to develop," Rodrigo Clare, Altarea Commerce et Infrastructures CEO.