Saturday, April 05, 2008

Rexel Enters Sale Leaseback of Warehouse Portfolio in France

Gecina Web Site - April 3, 2008

GECINA is acquiring four logistics platforms in France from REXEL, representing a total surface area of nearly 76,000 sq.m.

This acquisition is part of a sale and leaseback operation with REXEL FRANCE, a subsidiary of the REXEL group, the world's leading distributor of electrical equipment, and is combined with the signature of commercial leases.

The four logistics platforms, located in Nancy-Champigneulles (East), Rouen-Grand-Quevilly (Normandy), Orl€ans-Meung-sur-Loire (Center) and Marseille-Miramas (South) offer surface areas from 15,800 sq.m up to around 26,000 sq.m. These assets are all located in key logistics centers and on major transport hubs.

GECINA has also signed a firm agreement with a view to acquiring a further three platforms from REXEL FRANCE shortly, with a total surface area of approximately 48,000 sq.m. Sphere: Related Content

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