Proudreed has acquired 22 commercial properties across France for a total of EUR 83 mln. The transaction represents a yield of 8.09%, French newspaper Business Immo reported. Jean-Pierre Raynal, president of Proudreed France, said that the yield may come to 9.71% after reduction of the current vacancies in two of the assets.
Proudreed has acquired 22 commercial properties across France for a total of EUR 83 mln. The transaction represents a yield of 8.09%, French newspaper Business Immo reported. Jean-Pierre Raynal, president of Proudreed France, said that the yield may come to 9.71% after reduction of the current vacancies in two of the assets.
The properties, including mainly offices and logistics premises, are located in Rennes, Brest, Roanne, Lille, Brive, Beaune, Aix-en-Provence, La Ciotat, Poitiers,Toulouse as well as in the Ile-de-France region. Leases range from 6- to 12-year period. Tenants include Sodexho and the defence ministry.
