CBRE Global Investors has bought a pre-let 31,000sqm warehouse in Artenay-Poupry, France on behalf of one of its separate account clients.
The manager said the warehouse, acquired for an undisclosed sum, has been pre-let to a subsidiary of Groupe Mutual Logistics, which has signed a six-year lease.
CBRE GI said it worked with GSE to develop the grade logistics warehouse, adding that the project was initiated by Primelog.
Gautier Beurnier, head of transactions France, CBRE Global Investors, said: “This pre-let grade A warehouse benefits from a great location within the growing sub-market of North Orléans.
“This deal is also our first opportunity to work in partnership with Primelog, which is an informal relationship we are pleased to establish.”
Hélène Fort, of Primelog, said: “We have been faithful to our ethos throughout the project, which is to develop high-quality logistics buildings that achieve environmental certification while supporting the development of growing companies.”