French property company Gecina said it is acquiring three logistics and industrial assets in the Paris region with a combined surface area of 20,814 m[sup]2[/sup]. The acquisition price was not disclosed. Gecina said the portfolio is fully leased to leading companies under long-term contracts and all assets are within the immediate vicinity of major highways.
French property company Gecina said it is acquiring three logistics and industrial assets in the Paris region with a combined surface area of 20,814 m2. The acquisition price was not disclosed. Gecina said the portfolio is fully leased to leading companies under long-term contracts and all assets are within the immediate vicinity of major highways.
The first property is a freight platform located in Trappes to the west of Paris in the new town Saint-Quentin-en-Yvelines. With a surface area of 8,045 m2, it was completely refurbished in 2006. The second transaction involves a 5,329-m2 industrial and office complex in Villenueve-la-Garenne built in 1989. Lastly, Gecina is purchasing 7,440 m2 of primarily warehouse space in Morangis that was refurbished earlier this year.
