Croix, France, 2014-3-4 — /EPR Retail News/ — As part of its arbitration strategy and to finance Immochan’s growth including new constructions and extensions totalling almost 700,000 m² over the next 3 years, Immochan France has transferred 4 suburban properties that are located respectively in Nice La Trinité (06), Aubagne (13), St Jean de la Ruelle (45) and Castres (81) to several REITrepresented by Fiducial Gérance.
Leased to retailers Cabesto (Oxylane Group), Decathlon and Kiabi, the property covers around 9,500 m² for a rent of over €1.5 million. The operation resulted in an average rate of return of over 7.0%.
Immochan France was advised by DC Advisory (Edouard Corbière, Benoît Thébault).
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