Sunday, January 06, 2008

Ebrex France Enters EUR 30 Million Sale Leaseback of 13 Refrigerated Warehouses Across France

PropertyEU - January 4, 2008

French property company Fonciere LFPI has acquired a portfolio of 13 refrigeration warehouses across France from logistics provider Ebrex France for EUR 30 mln. The portfolio represents all of Ebrex's warehouses in France, and covers more than 42,000 m2 of logistics space built on an area of 248,000 m2. The transaction reflects a net initial yield of over 7%. Ebrex France is leasing back the assets on a 12-year lease contract.

The assets are located in the cities of Lyons, Le Mans, Orleans, Reims, Toulouse, Niort, St Lo, Clermont-Ferrand, St Pierre des Corps, Lorient, Bourges, Nantes, and Narbonne.

Atis Real Bruxelles and Immoeuropean acted as advisors in this transaction. Credit Foncier de France is providing the financing.

Ebrex France was created in May last year from the merger of DKTrans, a pan-European logistics provider, and the French food logistics provider Nexia Froid. Sphere: Related Content

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