French property company Gecina has acquired a 24,000 m[sup]2[/sup] logistics warehouse in Chilly&Mazarin, in southern Paris, from an unnamed vendor. The financial details of this transaction have not been disclosed. Gecina said this logistics platform, built in 2003 on a highly attractive sector for distribution functions, is fully leased to a major global logistics player. The company added it has now a logistics portfolio of close to 714,000 m[sup]2[/sup] of space, with over 450,000 m[sup]2[/sup] of operations under development. Gecina has been advised by the Wargny & Katz & Associés notary's office, with Exa providing real estate advice.
French property company Gecina has acquired a 24,000 m2 logistics warehouse in Chilly&Mazarin, in southern Paris, from an unnamed vendor. The financial details of this transaction have not been disclosed. Gecina said this logistics platform, built in 2003 on a highly attractive sector for distribution functions, is fully leased to a major global logistics player. The company added it has now a logistics portfolio of close to 714,000 m2 of space, with over 450,000 m2 of operations under development. Gecina has been advised by the Wargny & Katz & Associés notary's office, with Exa providing real estate advice.