Tamar European Industrial Fund (TEIF) has sold two assets in Sweden and France and part of a third in Belgium for a total of £6.5 mln (EUR 7.8 mln).
Tamar European Industrial Fund (TEIF) has sold two assets in Sweden and France and part of a third in Belgium for a total of £6.5 mln (EUR 7.8 mln).
The first asset, located in Helsingborg on the south west coast of Sweden, comprises a 1970s warehousing building of 10,375 m2. Virtually fully let, its three tenants include Puma and the Swedish Post Office, with lease expiries in 2013 and 2015.
The second asset is located in Vaulx en Velin, a suburb of Lyon, France. It comprises a 1970s warehouse building of 9,466 m2 and is 65% let to a single tenant with a break option in January 2014.
The other sale comprises two further units at Sint-Pieters-Leeuw in Belgium, following the sale of five units at the property in December 2011.
Catella acted on behalf of TEIF on the Swedish disposal and Structura on the Belgian disposals.
