Logiffine, the joint venture between MGPA and the Affine Group, has announced the leasing of 12,200 m[sup]2[/sup] of a logistics park development in Montéléger, Drôme, for a nine-year period to Reynolds. The transaction marks the completion of the Logiffine leasing programme for the Montéléger site and brings the occupancy rate of its portfolio to 100%.
Logiffine, the joint venture between MGPA and the Affine Group, has announced the leasing of 12,200 m2 of a logistics park development in Montéléger, Drôme, for a nine-year period to Reynolds. The transaction marks the completion of the Logiffine leasing programme for the Montéléger site and brings the occupancy rate of its portfolio to 100%.
The 18,600 m2 logistics park is located in the Parc d’Activitiés de Beauvert, near Valence. It features three warehouse cells, 650 m2 of office and employee space, and 400 m2 of charging room space. The park consists of 61,200 m2, split between two logistics parks: a 42,600 m2 park located in Hem, near Lille and a second 18,600 m2 park in Montéléger.
The transaction is the second letting for the site in the past 12 months, and follows Logiffine's earlier letting of 6,000 m2 to LPG Finance Industrie. Additionally, over 40,000 m2 of space in the Hem park has also been let in the past 12 months, including 18,600 m2 to Simastock.
CB Richard Ellis advised both parties in this transaction.
