Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), has signed the deed for a logistics project located in Isle d'Abeau near Lyon. This is the second logistics property in Lyon that CGS has purchased since November 2006. The Isle d'Abeau property, intended for CGS's institutional property funds CGS-Immo-Spezial, was sold by Italian wholesale company Caserta for EUR 12 mln. It has a gross lettable area of 14,000 m[sup]2[/sup]. Although completion of the project is scheduled for January 2008, it is already fully let to Caserta and the associated company La Place.
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