White & Case LLP has advised CBRE Global Investors on the sale for nearly €1.3 billion of a portfolio of ten French and Belgian shopping centers, owned by CBRE Retail Property Fund France Belgium CV (RPFFB), to a consortium of China Investment Corporation and AEW.

The portfolio includes two prime shopping centers in Belgium, in the Waasland region and 50 percent of Wijnegem Shopping Centre, as well as eight assets in France including the La Vache Noire shopping center in the Paris area and 60 percent of the Mayol shopping center in Toulon.

The White & Case team in Paris which advised on the transaction was led by partners Brice Engel and Franck Peter with support from associates Guilain Hippolyte, Elisabeth Sandret-Renard, Alann Le Guillou and Florian Martin. Counsel Anne Petitjean and associates Louise Duvernois and Anne Sauvebois-Brunel advised on real estate aspects. Counsel Orion Berg advised on competition aspects.