PropertyEU

Jerusalem Economic Corp buys 7 French properties

By A staff reporter 2007-12-10T00:00:00

Jerusalem Economic Corporation (Jec) has acquired seven properties in a sale-and-leaseback transaction in Northern France for almost EUR 72.8 mln. Israeli financial newspaper Globes said the 221,500 m[sup]2[/sup] portfolio was bought from a major manufacturing company and generates a annual rental income of EUR 6.6 mln. The unidentified seller is ...

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