WP Carey to sell French distribution centre portfolio

US real estate investor WP Carey has mandated CB Richard Ellis and BNP Paribas to sell a portfolio of distribution centres across France, according to well-informed market sources. The portfolio, worth some EUR 130 mln, offers 360,000 m[sup]2[/sup] of logistics space mostly let to French hypermarket Carrefour. The properties are spread across nine locations in France, including the cities of Paris, Lille, Caen, Nancy, Le Mans, Agen, Bourges and Lyon.

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