French property company Fonciere LFPI has acquired a a portfolio of 13 refrigeration warehouses across France from logistics provider Ebrex France for EUR 30 mln. The portfolio represents all of Ebrex's warehouses in France, and covers more than 42,000 m[sup]2[/sup] of logistics space built on an area of 248,000 m[sup]2[/sup]. The transaction reflects a net initial yield of over 7%. Ebrex France is leasing back the assets on a 12-year lease contract.
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