CGS acquires French logistics project

Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group, has signed the deed for the 'Logistikpark Distriport' property in Fos sur Mer near Marseille. The logistics park is earmarked for the company's Euro Property 1 institutional property fund. The project has a total investment volume of about EUR 33 mln and is scheduled to be completed in the summer of 2007.

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