Segro, the industrial property specialist, has completed the acquisition of a portfolio of eight French logistics assets from Foncire Europe Logistique, a subsidiary of Foncire des Rgions.
The firm paid €160.8m (£129.7m) in exchange for 13 buildings, which are 10 years old on average, totalling approximately 255,000 sq m of lettable space and currently generating €14.2m (£11.5m) of annualised rental income.
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