Lille-based property company Roche & Dubar has completed three acquisitions in northern France for about EUR 10 mln. The purchases include a 1,500 m[sup]2[/sup] office building under development acquired from developer Palm for EUR 2.7 mln. The transaction value reflects a yield of 8%. The group also purchased two 7,300 m[sup]2[/sup] office building developments for a total of EUR 5.7 mln and a 2,800 m[sup]2[/sup] fully-let parcel depot for EUR 1.9 mln, including legal costs. The yield is close to 9%, French newspaper Business Immo reported.
Premium subscriber content – please log in to read more or take a free trial.
