CORELOG, an OPPCI (French private REIT) dedicated to investments in logistic and industrial properties, has completed the purchase of a warehouse located in the industrial park of Clésud, Miramas (13) for €4.8 million.
The vacant property comprises 12,500 square meters of gross floor area with the potential to develop a further 6,000 square meters. TwentyTwo Real Estate, via its asset manager Scaprim Services, plans to perform a light refurbishment of the property prior to marketing it for letting.
The acquisition fits within CORELOG’s strategy of acquiring good quality logistics platforms located in established industrial parks on the North-South French logistic axis.
Pursuant to this acquisition, CORELOG’s portfolio consists of 6 logistic and industrial properties totalling €47 million.