REIC
Trade Estates currently has properties worth € 190 million and a purchase and development program of around € 250 million.
The successful bidder in the tender process for the historic property by Folli-Follie offered more than € 25 million.
The development was attributed mainly to BRIQ's portfolio diversification that has been recently modestly overwighted logistics.
The REIC reported a significant expansion of its real estate portfolio with the addition of nine properties in total.
The property has a total leasable area of 21,000sqm and is not comprised in the firm’s list of properties that are to be liquidated.