London, 24 May 2023 – M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has signed a new letting with a logistics operator for c. 3,700 sq m of urban logistics space in Combs-la-Ville near Paris, France, an established distribution location with supply constrained dynamics.
The logistics operator has signed a nine-year lease for the space with favourable terms, bringing the overall occupancy of the c. 7,337 sq m asset to 100%. The new deal represents an increase in rental income of 18% over the previous rent, to €65 per sq m. The remaining 50% of the asset is let to two other logistics operators.
The property is strategically located in Combs-la-Ville, a prime logistics hub only 35 kilometres south of Paris, benefitting from strong submarket fundamentals and excellent arterial road connectivity. It provides direct access to the N104, Paris’ orbital motorway, as well as links to France’s wider motorway network.
You can now read the full press release at the link below