Belgium's GIB and the Netherlands' REDEVCO have signed an agreement for completely surrendering GIB IMMO and SARMA SHOP to REDEVCO for EUR 866 million. Following the sale of its GB supermarket division to CARREFOUR last year, GIB had made it clear that it intended to sell its assets division. REDEVCO's assets portfolio estimated at EUR 4.1 bil, covers more than 600 buildings in some 13 European countries.