LaSalle Investment Management has announced that, on behalf of the LaSalle French Fund II, it has completed a lease on a major warehouse unit in Paris, France with POINT P, part of the Saint Gobain Group.
LaSalle Investment Management has announced that, on behalf of the LaSalle French Fund II, it has completed a lease on a major warehouse unit in Paris, France with POINT P, part of the Saint Gobain Group.
POINT P has signed a nine year lease, with a firm period of seven years, for 51,000 m2 out of a total 64,000 m2 of space which comprises eight units at a headline rent of EUR 52/m²/year/HT/HC.
The Class-A warehouse, which was developed in 2008 by GSE Group, is located in the Paris region of Brie-Comte-Robert, south-east of the City centre and well positioned for transport and other infrastructure.
LaSalle and Point P were advised by BNP Paribas Real Estate. The adviser indicated that this lease represents approximately 18% of overall logistic letting transactions in the Paris region for prime warehouses in 2009.
