Acquisition of new distribution centre in Avignon, France for €44.5 million
The Company was pleased to announce that it exchanged conditional contracts to acquire a new freehold distribution warehouse in France, for an expected net value of €44.5 million. Contracts are expected to become unconditional by no later than 30 October 2018.
Contracts have been signed for the newly-built facility to be let to a strong tenant on a fully indexed twelve year lease. The property is well positioned in an excellent location with the versatility required to move to a multi-tenant scenario if needed in the future.