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Schroder European real-estate investment trust (Sereit) says it has agreed to buy a €8.4m (R136.7m) car showroom in Cannes, southern France, looking for diversity in a portfolio mostly made up of office and industrial assets.

The 4,235m2 showroom is fully let to a subsidiary of the global automotive manufacturer Stellantis Corporation, with  brands traded from the asset include Fiat, Alfa Romeo, Jeep, Abarth and Lancia, Sereit said...

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