Dutch listed investment group Corio has divested a 9,500-m[sup]2[/sup] retail complex in central Metz, in the northeast of France, to privately-held UK group Grosvenor for around EUR 30 mln. The sale represents a net initial yield of 5.5%.
Dutch listed investment group Corio has divested a 9,500-m2 retail complex in central Metz, in the northeast of France, to privately-held UK group Grosvenor for around EUR 30 mln. The sale represents a net initial yield of 5.5%.
The property is located in Rue Serpenoise in the heart of Metz' commercial centre and is let to Zara and department store Printemps.
Savills acted as joint adviser to Corio with Cushman & Wakefield. Alexandre, Dechin & Devriendt acted for Grosvenor.
