French company Proudreed has completed three purchase in France, acquiring 11 buildings with 75,528 m[sup]2[/sup] of business space. The investment value comes to EUR 41.2 mln, reflecting a yield of 8%, French newspaper Business Immo reported.
French company Proudreed has completed three purchase in France, acquiring 11 buildings with 75,528 m2 of business space. The investment value comes to EUR 41.2 mln, reflecting a yield of 8%, French newspaper Business Immo reported.
The transactions involve two portfolios and a single-asset deal located mainly in Marne la Vallée, Saint Quentin and Yvelines, as well as in Rennes, Brest, Angers, Saint-Brieuc, northern France. Major tenants include American Pentel, technology group Thomson Multimedia, CERP, Sodexho and Score. 'Taking into account a vacancy rate slightly less than 30%, the yield after letting will be in the region of 10.65%,' said Proudreed's ceo Jean-Pierre Raynal.
