French private equity group LBO France has signed its second acquisition in a week with the purchase of a portfolio of 24 light industrial assets in Ile-de-France.
French private equity group LBO France has signed its second acquisition in a week with the purchase of a portfolio of 24 light industrial assets in Ile-de-France.
The package, with a total surface area of nearly 80,000 m2, is let to over 100 tenants and boasts an occupancy rate of nearly 90%.
An LBO spokesperson said the name of the vendor is confidential. Financial details were not disclosed.
LBO France was advised by Etude Monassier as well as Wragge & Co.
Last week the private equity fund manager acquired Le Cap office building located at La Défense financial district of Paris from German fund manager Union Investment Real Estate.
Owned by Union's Unimmo Global fund since June 2004, Le Cap provides around 10,000 m2 of office space over nine floors and is fully let to bank Société Générale.