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Eurocommercial Properties Closes EUR265 Million Purchase of Belgian Shopping Center

MT Newswires·11/06/2026 00:00:41
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12:00 AM EST, 11/06/2026 (MT Newswires) -- Eurocommercial Properties (ECMPA.AS, ECMPM.MI) completed its purchase of the Les Grands Prés shopping center in Mons, Belgium, from Union Investment for 265 million euros. The property investor financed the transaction with existing financial resources, credit facilities, and net proceeds from an accelerated book-build offering, according to a Thursday release. The deal was announced Oct. 29. Eurocommercial Properties expects the acquisition to be earnings accretive from day one.