Industrial / Warehousing
The property is strategically located in Combs-la-Ville, a prime logistics hub only 35 kilometres south of Paris.
Three new medium-sized IKEA stores are scheduled to be developed or under construction in Greece with the aim of opening in the next 2-3 years.
The current passing rent is £7.30 per sq ft on average versus a £10.90 per sq ft estimated rental value (ERV).
This deal marks Blackbrook’s first investment in Germany, and the eighth market the firm has entered since its launch in 2020.
The property consists of three ground-floor processing units with an area of 3300 sq.m. and an office and showroom floor of 850 sq.m.