CBRE Global Investors has acquired a portfolio of four logistics assets providing 100,000 m2 in France from local specialist Argan for an undisclosed amount.
CBRE Global Investors has acquired a portfolio of four logistics assets providing 100,000 m2 in France from local specialist Argan for an undisclosed amount.
Located in the Paris region of Marne la Vallée and Orléans, the assets are fully leased with a remaining term of six years and generate €5 mln in annual rents.
Gautier Beurnier, Head of Transactions France, CBRE Global Investors, said: 'The quality of the tenants, locations and buildings resulting from Argan’s professional management allows the fund to pursue its strategy of investing into assets well adapted to users and investors alike while generating secured revenues at a particularly attractive risk/return profile.'
