Logistics real estate company Parcolog has acquired a 15,210 m[sup]2[/sup] warehouse on a 20,234 m[sup]2[/sup] site near Lille, in Northern France, the monthly business Immo magazine reported. The transaction was undertaken on the basis of a 7.25% yield, for an asset completely let to MGF. The price of the transaction was not disclosed.
Logistics real estate company Parcolog has acquired a 15,210 m2 warehouse on a 20,234 m2 site near Lille, in Northern France, the monthly business Immo magazine reported. The transaction was undertaken on the basis of a 7.25% yield, for an asset completely let to MGF. The price of the transaction was not disclosed.
Parcolog is a France-based logistics property company, whose 700,000 m2 portfolio was acquired by Generali for the French Bouygues construction group and the Blackstone Group in the end of 2005. Generali is an international insurance company which currently manages property investments worth around EUR 4.5 bn in France.
