UK-based Segro is purchasing 36 logistics buildings in France for just under EUR 160 mln from global express delivery company DHL in a sale-and- leaseback deal. The properties provide a total annual rent of EUR 11.2 mln, representing a net initial yield of 7%. Segro said the portfolio offers 'both immediate and long-tern development potential' as it expands its relationship with DHL.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
