CBRE Global Investors buys 31,000sqm warehouse in France

CBRE Global Investors, on behalf of one of its separate account clients, has acquired a 31,000-square-meter (334,000-square-foot) warehouse in Artenay-Poupry, France. A price was not disclosed.

Located in the north of Orléans, the warehouse has been pre-let to a subsidiary of Groupe Mutual Logistics, which has signed a six-year lease.

CBRE Global Investors has worked with GSE to develop the grade-A logistics warehouse. The project, initiated by Primelog, will be delivered in early 2020 and aims to obtain a BREEAM level Good certification.

“This pre-let grade-A warehouse benefits from a great location within the growing submarket of North Orléans,” said Gautier Beurnier, head of transactions Franceat CBRE Global Investors. “This deal is also our first opportunity to work in partnership with Primelog, which is an informal relationship we are pleased to establish.”