LONDON, UK: Schroder European REIT, the company investing in European growth cities, has exchanged contracts to purchase a freehold car showroom property in Cannes, southern France, for €8.4 million, reflecting a net initial yield of 5.5% and a reversionary yield of 6.4%. The 4,235 sqm showroom is fully let to FCA Motor Village France, a…
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Schroder European REIT acquires French logistics asset for €6.15 million
LONDON, UK: Schroder European Real Estate Investment Trust has exchanged contracts to purchase a freehold logistics property in Nantes, western France, for €6.15 million, reflecting a net initial yield of 5.5%. The 8,663 sqm warehouse is fully let to Hachette Livre, a subsidiary of the leading French media group Lagardère, with an unexpired lease term…