Slough Estates International has reached agreement with Antalis, the European communication media and paper distributor, to acquire a portfolio of about twenty logistic and business properties in Europe. The total transaction value is EUR 103 mln and the net annual income generated by the portfolio will be greater than EUR 8 mln, Slough Estates said.
Slough Estates International has reached agreement with Antalis, the European communication media and paper distributor, to acquire a portfolio of about twenty logistic and business properties in Europe. The total transaction value is EUR 103 mln and the net annual income generated by the portfolio will be greater than EUR 8 mln, Slough Estates said.
The assets are spread around large cities in France, Spain, Italy, Belgium, Germany, Portugal, Finland and Switzerland. The portfolio represents a developed area of 177,120 m2, with 45% of the assets concentrated in Spain and Italy. Four centres are situated in France, 32,000 m2 of developed space.
‘The portfolio assets benefit from good geographical situations, presenting significant development potential. The Antalis group will occupy the majority of the portfolio premises for an average duration of 9 years,’ stated Slough Estates France. In parallel, SEI and Antalis have signed a framework agreement covering possible extensions of the portfolio assets and any new European property requirement expressed by Antalis.
