Invesco Property Income Trust has purchased a portfolio of French office properties for EUR 85 mln. The portfolio comprises three Paris buildings providing some 21,620 m[sup]2[/sup]. The properties are leased to 21 tenants and have an occupancy rate of 96.5%. The transaction reflects an initial yield of 6.5%, including a 12-month rental guarantee from the vendor. The acquisition is being funded via euro-denominated debt, AFX news agency reported. The company said it is also considering a number of further potential investment acquisitions in France, Germany, and Spain.
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