AEW Europe said it has acquired a distribution warehouse in France for EUR 8.9 mln, representing an initial yield of 8.2%, on behalf of its core-plus fund, Curzon Capital Partners II (CCP II). The property has been purchased from EM2C, a regional developer from Lyon. The 14,756 m[sup]2[/sup] facility is situated in a strategic logistics location close to l’Isle d’Abeau, approximately 20 km to the southeast of Lyon. The property comprises a modern and high-quality
AEW Europe said it has acquired a distribution warehouse in France for EUR 8.9 mln, representing an initial yield of 8.2%, on behalf of its core-plus fund, Curzon Capital Partners II (CCP II). The property has been purchased from EM2C, a regional developer from Lyon. The 14,756 m2 facility is situated in a strategic logistics location close to l’Isle d’Abeau, approximately 20 km to the southeast of Lyon. The property comprises a modern and high-quality
distribution warehouse which has just been completed and is fully let on a nine-year lease term.
Rob Reiskin, managing director and head of investments for AEW Europe, commented: 'This defensive, cash flow-oriented investment will sit nicely within our CCP II fund’s existing portfolio.'
AEW Europe is a European real estate investment manager with over 250 professionals operating from 11 offices in Barcelona, Bucharest, Budapest, Düsseldorf, London, Luxembourg, Milan, Paris, Prague, Stockholm and Warsaw.
