Gazeley has sold four of its six properties in France to investors AXA and Fortis for a total of EUR 58 mln. French investment manager AXA, on behalf of a German fund, has purchased three logistics properties in Valence d'Agen, Montauban and Beaulieu-sur-Layon for some EUR 37 mln, The properties comprise a total 75,000 m[sup]2[/sup] of logistics space currently leased to ID logistics, MGF logistique and Kuehne Nagel. Fortis has bought a logistics scheme of 29,000 m[sup]2[/sup] located in Chaponay for EUR 21 mln. The property is fully leased to Geodis.
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