This may be the end of an old story between a family-owned real estate company, which pioneered shopping centers in France with Parly 2, and its French management subsidiary, which has become the leader in the French property management sector. "Société générale immobilière (LSGI) is considering the sale of its stake in service company SCC France (French activities only), although no agreement has been reached to date," an LSGI spokesperson tells Business Immo, after Correspondance de l'Enseigne reported the sale of SCC to its competitor Nhood, owned by the Mulliez Family Association (AFM). "We invite you to contact SCC directly," Nhood replied to Business Immo.
LSGI ready to sell SCC's French activities
Société des centers commerciaux (SCC), a leading property management company, could see its activities in France change hands
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In