PropertyEU

Segro JV buys logistics asset in Marseilles at 7.4%

By Cormac Mac Ruairi 2015-01-06T00:00:00

SELP, a €1 bn joint venture between UK REIT Segro and Canadian pension group PSP Investments, has acquired a logistics facility in the French port city of Marseille. The investment volume of €35 mln reflects a net initial yield of 7.4%.

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